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EXCISE AMENDMENT IN THE SEVENTH SCHEDULE TO THE FINANCE ACT, 2001* [Clause [145] of the Finance Bill. 2020]:

  • Contents

Dated: 3-2-2020

Budget 2020-21 + FINANCE BILL, 2020

Note:

(a) “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the Central Excise Act, 1944.

(b) “NCCD” means National Calamity Contingent Duty levied under Finance Act, 2001, as a duty of excise on specified goods at rates specified in seventh schedule to Finance Act, 2001

(c) Clause Nos. in square brackets [] indicate the relevant clause of the Finance Bill, 2020.

(d) Amendments carried out through the Finance Bill, 2020 come into effect on the date of its enactment, unless otherwise specified.

S. No.

Tariff Item

Description of goods

Unit

From

To

1.

2402 20 10

Other than filter cigarettes, of length not exceeding 65 millimetres

Tu

₹ 90 per thousand

₹ 200 per thousand

2.

2402 20 20

Other than filter cigarettes, of length exceeding 65 millimetres but not exceeding 70 millimetres

Tu

₹ 145 per thousand

₹ 250 per thousand

3.

2402 20 30

Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) not exceeding 65 millimetres

Tu

₹ 90 per thousand

₹ 440 per thousand

4.

2402 20 40

Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) exceeding 65 millimetres but not exceeding 70 millimetres

Tu

₹ 90 per thousand

₹ 440 per thousand

5.

2402 20 50

Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) exceeding 70 millimetres but not exceeding 75 millimetres

Tu

₹ 145 per thousand

₹ 545 per thousand

6.

2402 20 90

Other (Cigarettes containing tobacco)

Tu

₹ 235 per thousand

₹ 735 per thousand

7.

2402 90 10

Cigarettes of tobacco substitutes

Tu

₹ 150 per thousand

₹ 600 per thousand

8.

2403 11 10

Hookah or gudaku tobacco

Kg

10%

25%

9.

2403 19 10

Smoking mixtures for pipes and cigarettes

Kg.

45%

60%

10.

2403 19 90

Other smoking tobacco

Kg.

10%

25%

11.

2403 91 00

“Homogenised” or “reconstituted” tobacco

Kg.

10%

25%

12.

2403 99 10

Chewing tobacco

Kg.

10%

25%

13.

2403 99 20

Preparations containing chewing tobacco

Kg.

10%

25%

14.

2403 99 20

Jarda scented tobacco

Kg.

10%

25%

15.

2403 99 40

Snuff

Kg.

10%

25%

16.

2403 99 50

Preparations containing snuff

Kg.

10%

25%

17.

2403 99 60

Tobacco extracts and essence

Kg.

10%

25%

18.

2403 99 90

Other (manufactured tobacco and substitutes)

Kg.

10%

25%

*Will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931.

 


Full Text:

Budget 2020-21 + FINANCE BILL, 2020

 

 
 
 
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