TMI BlogEXCISEX X X X Extracts X X X X X X X X Extracts X X X X ..... being amended so as to: a) make some editorial changes, consequent to 2017 Harmonized System of Nomenclature. b) include therein: All goods falling under heading 3401 and 3402; Aluminium foils of a thickness not exceeding 0.2 mm; Wrist wearable devices (commonly known as smart watches ); and Accessories of motor vehicle and certain other specified goods. Changes at (b) above will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. [142(ii)] [142(i)] AMENDMENTS IN THE FIRST SCHEDULE TO THE CENTRAL EXCISE TARIFF ACT, 1985 S. No. Amendment Clause of the Finance Bill, 2016 Amendments not affecting rates of duty 1. Editorial changes in the Harmonized System of Nomenclature (HSN) in certain chapters are being incorporated in the First and Second Schedules, to be effective from 01.01.2017. [143 (ii)] 2. To: a) Amend supplementary notes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted tobacco 70% 81% 8 Unmanufactured tobacco 55% 64% 9 Paper rolled biris [whether handmade or machine made] and other biris [other than handmade biris] However, the effective rate of basic excise duty of ₹ 21 per thousand shall remain unchanged. Rs.30 per thousand Rs.80 per thousand The amendments involving increase in the duty rates will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. OTHER PROPOSALS INVOLVING CHANGES IN DUTY RATES: From To Food processing 1 Refrigerated containers 12.5% 6% Fertilizers 2 Micronutrients which are covered under Sr. No. 1(f) of Schedule 1 Part (A) of the Fertilizer Control ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Precious metals Jewellery 10 Refined gold bars manufactured from gold dore bar, silver dore bar, gold ore or concentrate, silver ore or concentrate, copper ore or concentrate. Prospectively, the excise duty exemption under the existing area based exemptions on refined gold is being withdrawn. 9% 9.5% 11 Refined silver manufactured from silver ore or concentrate, silver dore bar, or gold dore bar. Prospectively, the excise duty exemption under the existing area based exemptions on refined silver is being withdrawn. 8% 8.5% 12 Articles of Jewellery [excluding silver jewellery, other than studded with diamonds or other precious stones namely, ruby, emerald and sapphire] with a higher threshold exemption upto ₹ 6 crore in a year and eligibility limit of ₹ 12 crore, along with simplified compliance procedure. Nil 1% [without CENVAT credit] or 12.5% [with CENVAT credit] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he restriction of one year for utilization of duty free parts for maintenance, repair and overhaul of aircraft - - Electronics IT hardware 21 Charger / adapter, battery and wired headsets / speakers for supply to mobile phone manufacturers as original equipment manufacturer Nil 2% [without CENVAT credit] or 12.5% [with CENVAT credit] 22 Inputs, parts and components, subparts for manufacture of charger / adapter, battery and wired headsets / speakers of mobile phone, subject to actual user condition. 12.5% / Nil Nil 23 Routers, broadband Modems, Set-top boxes for gaining access to internet, set top boxes for TV, digital video recorder (DVR) / network video recorder (NVR), CCTV camera / IP camera, lithium ion battery [other than those for mobile handsets] 12.5% 4% [without CENVAT c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 33 Remnant kerosene, presently available for manufacture of Linear alkyl Benzene [LAB] and heavy alkylate [HA] to N-paraffin. At present, exemption is restricted to manufacturers of LAB and HA. 14% Nil 34 Clean Energy Cess / Clean Environment Cess on coal, lignite or peat produced or extracted as per traditional and customary rights enjoyed by local tribals without any license or lease in the State of Nagaland Rs.200 per tonne Nil 35 To extend Retail Sale Price [RSP] based assessment of excise duty to: a) all goods falling under heading 3401 and 3402 [with abatement rate of 30%], b) aluminium foils of a thickness not exceeding 0.2 mm [with abatement rate of 25%], c) wrist wearable devices (commonly known as smart watches ) [with abatement rate of 35%], and d) accessories of motor vehicle and certain other specified goods [with abatement rate of 30%]. - - statute, statutory provisions le ..... X X X X Extracts X X X X X X X X Extracts X X X X
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