Excise lowered to 14 percent but Abatement from MRP revised

NEW DELHI. 29th February, 2008
 

          Government gives by one hand but takes by another. Though the Finance Minister has lowered general rate of Central Excise duty from 16 per cent to 14 per cent effective from midnight vide Central Excise Tariff Notification No. 2 dated 1st March 2008; the rates of abatement for products covered under MRP valuation have also been revised vide Central Excise Non-Tariff Notification No.14 dated 1st March 2008.The revised rates for abatement are as under and the abatements have been lowered on the ground that the rates of duty have been lowered.

S. No.

Chapter, heading, sub­heading or tariff item of the First Schedule

Description of goods

Abatement as a percentage of retail sale price

(1)

(2)

(3)

(4)

1.

17 or 21

Preparations of other sugars

38

2.

1702

Sugar syrups not containing added flavouring or colouring matter; artificial honey, whether or not mixed with natural honey; caramel

38

3.

1704

Gums, whether or not sugar coated (including chewing gum, bubblegum and the like)

38

4.

1704 90

All goods, other than white chocolate

35

5.

1704 90

White chocolate

38

6.

1805 00 00 or 1806 10 00

Cocoa powder, whether or not containing added sugar or other sweetening matter

33

7.

1806

Chocolates in any form, whether or not containing nuts, fruit kernels or fruits, including drinking chocolates

31.5

8.

1806

Other food preparations containing cocoa

33

9.

1901 20 00 or 1901 90

All goods

31.5

10.

1904

All goods, other than goods falling under tariff item 1904 20 00

33

11.

1904 20 00

All goods

35

12.

1905 31 00 or 1905 90 20

Biscuits

35

13.

1905 32 11 or

Waffles and wafers, coated with chocolate or

33

1905 32 90

containing chocolate

14.

1905 32 90

All goods, other than wafer biscuits

38

15.

1905 32 19 or 1905 32 90

Wafer biscuits

35

16.

2101 11 or 2101 12 00

Extracts, essences and concentrates, of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee

33

17.

2102

All goods

33

18.

2106 90 20

All goods, other than pan masala containing not more than 15% betel nut

44

19.

2106 90 20

Pan masala containing not more than 15% betel nut

22

20.

2403

Pan masala containing tobacco

50

21.

2106 90 30

All goods

33

22.

2106 90 11

Sharbat

28

23.

2106 10 00, 2106 90 50, 2106 90 70, 2106 90 80, 2106 90 91 or 2106 90 99

All goods

38

24.

2201 or 2202

Mineral waters

48

25.

2201 or 2202

Aerated waters

40.5

26.

2209

Vinegar and substitutes for vinegar obtained from acetic acid

38

27.

2403 99 10, 2403 99 20 or 2403 99 30

All goods

50

28.

2523 21 00 or 2523 29

White cement, whether or not artificially coloured and whether or not with rapid hardening properties

33

29.

2710

Lubricating oils and Lubricating preparations

38

30.

30

Medicaments, other than those which are exclusively used in Ayurvedic, Unani, Siddha, Homeopathic or Bio-chemic systems

35.5

31.

3204 20

Synthetic organic products of a kind used as fluorescent brightening agents or as a luminophores

33

32.

3206

All goods other than pigments and inorganic products of a kind used as luminophores

33

33.

3208, 3209 or 3210

All goods

35

34.

3212 90 20

Dyes and other colouring matter put up in forms or small packing of a kind used for domestic or laboratory purposes

38

35.

3213

All goods

38

36.

3214

All goods

38

37.

3303, 3304, 3305 or 3307

All goods

38

38.

3306 10 20

Toothpaste

33

39.

3401 19 or 3401 20 00

Soap (other than paper, wadding, felt and non­wovens, impregnated, coated or covered with soap or detergent)

33

40.

3401 11, 3401 19 or 3402

Organic surface active products and preparations for use as soap in the form of bars, cakes, moulding pieces or shapes, other than goods falling under tariff item 3402 90 20

31.5

41.

3403

Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, anti­rust or anti-corrosion preparation and mould release preparations based on lubricants)

33

42.

3405

All goods

33

43.

3506

Prepared glues and other prepared adhesives, not elsewhere specified or included

38

44.

3702

All goods, other than for X-ray and unexposed cinematographic films

38

45.

3808

Insecticides, fungicides, herbicides, weedicides and pesticides

33

46.

3808

Disinfectants and similar products

38

47.

3808 93 40

Plant growth regulator

28

48.

3814 00 10

Thinners

38

49.

3819

All goods

38

50.

3820 00 00

Anti-freezing preparations and prepared de-icing fluids

38

51.

3824 90 24 or 3824 90 90

Stencil correctors and other correcting fluids, ink removers put up in packings for retail sale

38

52.

3919

Self adhesive tapes of plastics

38

53.

3923 or 3924

Insulated ware

43

54.

4816

Carbon paper, self-copy paper, duplicator stencils, of paper

38

55.

4818

Cleansing or facial tissues, handkerchiefs and towels, of paper pulp, paper, cellulose wadding or webs of cellulose fibres, other than goods falling under tariff item 4818 50 00

38

56.

6401 6402 6403 6404 or

The following goods, namely:- (i) Footwear of retail sale price exceeding Rs.250/-and not exceeding Rs.750/- per pair (ii) All other footwear

37 40

6405

57.

6506 10

Safety headgear

38

58.

6907

Vitrified tiles, whether polished or not

43

59.

6908

Glazed tiles

43

60.

7321

Cooking appliances and plate warmers, other than LPG gas stoves (with burners only, without other functions such as, grills or oven)

38

61.

7321

LPG gas stoves (with burners only, without other functions such as, grills or oven)

33

62.

7323 or 7615 19 10

Pressure Cookers

28

63.

7324

Sanitary ware of iron or steel

38

64.

7418 20 10

Sanitary ware of copper

38

65.

8212

Razors and razor blades (including razor blade blanks in strips)

38

66.

8305 20 00 or 8305 90 20

Staples in strips, paper clips, of base metal

38

67.

8414 51 or 8414 59

Electric fans

38

68.

8415

Window room air-conditioners and split air conditioners of capacity upto 3 tonnes

28

69.

8418

Refrigerators

38

70.

8421 21

Water filters and water purifiers, of a kind used for domestic purposes

33

71.

8422 11 00 or 8422 19 00

Dish washing machines

33

72.

8443

Facsimile machines

38

73.

8443 31 00 or 8443 32

Printer whether or not combined with the functions of copying or facsimile transmission 

23

74.

8443 99 51

Ink cartridges, with print head assembly

23

75.

8450

Household or laundry-type washing machines, including machines which both wash and dry

38

76.

8469

Typewriters

33

77.

8470

Calculating machines and pocket-size data recording, reproducing and displaying machines with calculating functions, other than goods falling under sub-heading 8470 50 and 8470 90

38

78.

8471 30

All goods

22.5

79.

8471 60

All goods

23

80.

8472 90 10

Stapling machines

38

81.

8506

All goods, other than parts falling under tariff item 8506 90 00

36.5

82.

8508

All goods, other than parts falling under tariff item 8508 70 00

38

83.

8509

All goods, other than parts falling under tariff item 8509 90 00

36.5

84.

8510

All goods, other than parts falling under tariff item 8510 90 00

36.5

85.

8513

All goods, other than parts falling under tariff item 8513 90 00

33

86.

8516

Electric instantaneous or storage water heaters and immersion heaters; electric space heating apparatus and soil heating apparatus; electro-thermic hairdressing apparatus (for example, hair dryers, hair curlers, curling tong heaters) and hand dryers; electric smoothing irons; other electro-thermic appliances of a kind used for domestic purposes.

36.5

87.

8517

Telephone sets including telephones with cordless handsets; video phones;

38

88.

8517 62 30

Modems (modulators – demodulators)

23

89.

8517 69 60

Set top boxes for gaining access to internet

22

90.

8519

All goods, other than MP3 player or MPEG 4 player

38

91.

8521

All goods, other than MP3 player or MPEG 4 player

38

92.

85

MP3 player or MPEG 4 player

33

93.

8523

Unrecorded audio cassettes; recorded or unrecorded video cassettes; recorded or unrecorded magnetic discs

38

94.

8527

Pagers

33

95.

8527

Radio sets including transistors sets, having the facility of receiving radio signals and converting the same into audio output with no other additional facility like sound recording or reproducing or clock in the same housing or attached to it

33

96.

8527

Reception apparatus for radio-broadcasting, whether or not combined, in the same housing, with sound recording or reproducing apparatus or a clock (other than goods covered at S.No. 93)

38

97.

8528

Television receivers (including video monitors and video projectors) whether or not incorporating radio broadcast receivers or sound or video recording or reproducing apparatus

33

98.

8528

Monitors of a kind solely or principally used in an automatically data processing machine

23

99.

8528 71 00

Set top boxes for television sets

22

100.

8536

All goods, other than goods falling under tariff item 8536 70 00

38

101.

8539

The following goods, other than lamps for automobiles, namely:- (i) Compact Fluorescent Lamp (CFL) falling

37

under tariff item 8539 31 10 (ii) All other goods

38

102.

9006

Photographic (other than cinematographic) cameras

33

103.

9101 or 9102

All goods, other than braille watches

33

104.

9103 or 9105

Clocks

43

105.

9612

All goods

33

106.

9617

Vacuum flasks

38

107.

Any heading

Parts, components and assemblies of automobiles

31.5

108.

9603 21 00

Toothbrush

28.5

(Source: Allindiantaxes)

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1 Comment

  1. kathrine said,

    December 29, 2008 at 11:12 pm

    Interesting Read! Very detailed blog.
    Thanks for sharing


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