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TMI BlogEXPLANATORY NOTES (CENTRAL EXCISE)-Budget 2007X X X X Extracts X X X X X X X X Extracts X X X X ..... Higher Education Cess. [(Notification No. 10/2007-Central Excise (N.T) refers] 2.Small Scale Industries (SSI) Exemption. 2.1 The full exemption limit for Small Scale Industries is being increased from Rs. 1 Crore to Rs. 1.5 Crore. This change will come into effect on 1st April, 2007. (Notification No. 8/2003-CE has been amended vide Notification No. 8/2007-Central Excise refers) Chapters 1 to 18 No change. Chapter 19 19.1 Excise duty has been fully exempted on biscuits of per kilogram retail sale price equivalent of Rs.50 per kg or less. (S.No. 18A of the Notification No. 3/2006-Central Excise as inserted vide Notification No. 3/2007- Central Excise refers). 19.2 Nil rate of excise duty for 'preparations for infant use, put up in unit containers', available prior to introduction of 8-digit tariff, has been restored. (S.No. 5A of the Notification No. 3/2005-Central Excise as inserted vide Notification No. 7/2007-Central Excise refers). Chapter 20 No change. Chapter 21 21.1 Total excise duty (Cenvat + NCCD + Health Cess) on pan masala (not containing tobacco) has been reduced from 66% to 45%. (S.No. 29A of the Notification No. 3/2006- Central Excise as inserted vide Notif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Notification No 8/2004-Central Excise as amended by notification F.No.11/2007-Central Excise refers) Chapter 25 25.1 Specific rates of excise duty on cement falling under sub-heading 2523 29 have been revised as under: S.No. From To 1 o Cement manufactured by mini-cement plant cleared in packaged form (a) of retail sale price not exceeding Rs.190 per 50 Kg bag or per metric tonne retail sale price equivalent not exceeding Rs.3800 (b) of retail sale price exceeding Rs.190 per 50 Kg bag or per metric tonne retail sale price equivalent exceeding Rs.3800 Rs. 250 per tonne Rs. 250 per tonne Rs. 220 per tonne Rs. 370 per tonne 2 Cement, manufactured by other than mini-cement plant, cleared in packaged form a) of retail sale price not exceeding Rs.190 per 50 Kg bag or per metric tonne retail sale price equivalent not exceeding Rs.3800 b) of retail sale price exceeding Rs.190 per 50 Kg bag or per metric tonne retail sale price equivalent exceeding Rs.3800 Rs. 400 per tonne Rs. 400 per tonne Rs. 350 per tonne Rs. 600 per tonne (Relevant bill entries read with amendments to Notification No. 4/2006-Central Excise vide Notification No. 4 /2007-Central Excise refers.) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Chemical reagents manufactured by Hindustan Antibiotics Ltd. has been withdrawn for use in the manufacture of kits for testing narcotic drugs and psychotropic substances. They will now attract excise duty @ 16%. (S.No. 75 of the Notification No. 4/2006-Central Excise omitted vide Notification No. 4/2007- Central Excise refers). Chapter 39. 39.1 Excise duty on nylon chips has been reduced from 16% to 12%. (S.No. 80B of the Notification No. 4/2006-Central Excise as inserted vide Notification No. 4/2007-Central Excise refers). Chapters 40 to 43 No change. Chapter 44 44.1 Excise duty on plywood, veneered panels and similar laminated wood of heading 4412 has been reduced from 16% to 8%. (S.No 87B of Notification No. 4/2006-Central Excise as inserted vide Notification No. 4/2007-Central Excise refers). Chapters 45 to 49. No change. Chapters 50 to 53. No change. Chapter 54. 54.1 Optional excise duty on nylon filament yarns (including monofilament yarns) of 210 deniers with tolerance of 6 per cent. has been increased from 8% to 12%. Same optional duty rate has been prescribed for nylon filament yarns (including monofilament yarns) of deniers in the multiples of 210, i.e. 420, 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding upon the size of the roller of cold rolling machine, to a uniform rate of Rs.12,000 per machine per month. (Notification No. 17/2007-Central Excise, dated the 1st March, 2007 supersedes Notification No.34/2001-Central Excise, dated the 28th June, 2001). Chapter 84 and 85 84.1 Excise duty exemption on specified plantation machinery, presently valid upto 30.04.07 is being extended by two years i.e. upto 30.04.09. (Proviso in the preamble to the Notification No.6/2006-Central Excise as amended by notification No. 6/2007- Central Excise refers.) 84.2 Excise duty has been reduced from 16% to Nil on water purification equipment based on specified membrane technologies, and also household filters functioning without electricity and pressurized tap water. (S.Nos. 8B and 8C of Notification No. 6/2006-Central Excise as inserted vide Notification No. 6/2007-Central Excise). 84.3 Excise duty exemption on High speed cold-set web offset printing machines with a minimum speed of 70, 000 copies per hour is being withdrawn and 8% excise duty is being imposed. (S.No 12 of Notification No. 6/2006-Central Excise as amended by Notification No. 6/2007-Central Excise refers) 84.4 Excise duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ra Cracker and Polymer Limited, Dibrugarh, Assam for a period not exceeding ten years from the date of commencement of commercial production. (Notification No. 14/2007-Central Excise refers). M2: Notification 64/95-Central Excise has been amended to provide excise duty exemption to components, raw materials, tools, lubricants and propellants, scientific and technical instruments, apparatus for systems and sub-systems of launch vehicles and satellite projects meant for Indian Space Research Organization. (Notification No. 15/2007-Central Excise refers). M3: Excise duty exemption has been extended to supply of specified equipment, apparatus, accessories, parts, consumables, prototypes etc. to all research institutions registered with Department of Scientific & Industrial Research, subject to specified conditions. (Notification No. 16/2007-Central Excise amends S.No.2 of Notification No.10/97-Central Excise). M4: Excise duty exemption provided on pipes used in drinking water projects, from the treatment plant to the storage, has been extended to all pipes of outer diameter exceeding 20 cm when such pipes are integral part of the project. Such pipes will be eligible for exemption ir ..... X X X X Extracts X X X X X X X X Extracts X X X X
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