TMI BlogSeeks to provide effective rates of Infrastructure Cess on specified goods.X X X X Extracts X X X X X X X X Extracts X X X X ..... lling under heading of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) specified in the corresponding entry in column (2) of the said table from so much of the Infrastructure Cess leviable thereon under 3 [ sub-section (1) of section 162 of the said Finance Act ] as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said table and subject to the relevant conditions annexed to this notification, if any, specified in the corresponding entry in column (5) of the table aforesaid: Table Sl. No. Heading Description of excisable goods Rate Condition No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urpose of this entry, hybrid motor vehicle means a motor vehicle, which uses a combination of battery powered electric motor and an internal combustion engine to power the vehicle to drive trains, but does not include such micro-hybrid motor vehicle with start and stop technology, using battery powered electric motor only while in static condition Nil - 6 8703 Three wheeled vehicles Nil - 7 8703 Cars for physically handicapped persons Nil 2 8 8703 Hydrogen vehicles based on fuel cell technology ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Government of India in the Ministry of Finance (Department of Revenue), at the time of clearance of the vehicle; (b) the manufacturer takes credit of the amount equal to the amount of Infrastructure Cess paid in excess of that specified under this exemption, in the Account Current, maintained in terms of Part V of the Excise Manual of Supplementary Instructions issued by the Central Board of Excise and Customs and thereafter files a claim for refund of the said amount of Infrastructure Cess before the expiry of six months from the date of payment of duty on the said motor vehicle, with the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, along with the fol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eceipt of the said claim for refund, after such verification as may be necessary, shall determine the amount refundable to the manufacturer and shall intimate the same to the manufacturer. In case the credit taken by the manufacturer is in excess of the amount so determined, the manufacturer shall, within five days from the receipt of the said intimation, reverse the said excess credit from the said Account Current maintained by him. In case the credit availed is lesser than the amount of refund determined, the manufacturer shall be eligible to take credit of the balance amount; and (d) the recovery of the credit availed irregularly or availed in excess of the amount of credit so determined, and not reversed by the manufacturer within ..... X X X X Extracts X X X X X X X X Extracts X X X X
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