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INFRASTRUCTURE CESS ON VEHICLES (PART-II)

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 18-4-2016 - Effective Rate / Exemption The exemption from levy of infrastructure cess has been notified at different rates (includes exemptions) vide Notification No. 1/2016-Infrastructure Cess dated 01.03.2016 and has come into force from 01.03.2016 itself. In the following table, effective cess rates are given after exemption as per Notification No. 1/2016-IC dated 01.03.2016. Table Sl. Heading Description of excisable goods Rate No. (1) (2) (3) .....

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il 4. 8703 Electrically operated vehicles, including three wheeled electric motor vehicles Explanation.- For the purpose of this entry, electrically operated vehicles mean vehicles which are run solely on electrical energy derived from an external source or from one or more electrical batteries fitted to such road vehicles and shall include electric motor -assisted cycle rickshaws driven by rechargeable solar batteries, also known as soleckshaw Nil 5. 8703 Hybrid motor vehicles Explanation. - Fo .....

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logy Explanation.- For the purpose of this entry, Hydrogen vehicle means a motor vehicle that converts the chemical energy of hydrogen to mechanical energy by reacting hydrogen with oxygen in a fuel cell to run electric motor to power the vehicle drive trains Nil 9. 8703 Motor vehicles of length not exceeding 4000 mm, namely petrol, liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven vehicles of engine capacity not exceeding 1200 cc Explanation. -For the purpose of this entry, .....

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SUV's and bigger sedans 4% It may be noted that for item No. (2) and (3) in above table, following conditions should be satisfied - The manufacturer pays the Infrastructure Cess at the rate specified under the Eleventh Schedule of the Finance Bill, 2016 read with exemption contained in any notification of the Government of India in the Ministry of Finance (Department of Revenue), at the time of clearance of the vehicle; The manufacturer takes credit of the amount equal to the amount of Infra .....

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se may be, having jurisdiction, along with the following documents, namely:- (3) a copy of the document evidencing the payment of Infrastructure Cess, Infrastructure Cess, in excess of the Infrastructure Cess payable under this exemption from the buyer, an evidence to the effect that the said amount has been duly returned to the buyer; and For three wheeled vehicles as per S.No. 7 of above table, following condition is to be met. If,- . (i) an officer not below the rank of Deputy Secretary to th .....

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