Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: due date for vat payment :: list of goods taxed at 4% :: empanelment :: articles on VAT and GST in India :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT Audit :: VAT RATES :: Central Excise rule to resale the machines to a new company
 
 
Latest Circulars »
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017
 Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
 Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
 RBI seeks comments on draft circular on Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India
  Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)
 RBI-Reporting and Accounting of Central Government Transactions of March 2017
 Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)
 RBI WPS (DEPR): 04/2017: Corporate Leverage in EMEs: Has the Global Financial Crisis Changed the Determinants?
 RBI-Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 - Clarification
 RBI-Exim Bank's Government of India supported Line of Credit of USD 50 million to the Government of Co-operative Republic of Guyana
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 16, 2017

Seeks to amend notification number 42/2008-Central Excise, dated the 01.07. 2008 for change in rate of duty in Compound Levy Scheme applicable to Pan masala and Pan masala containing Tobacco
January, 28th 2014

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

 

Notification No.01/2014-Central Excise

 

New Delhi, the 24th January, 2014

 

G.S.R.      (E). - In exercise of the powers conferred by sub-section (3) of section 3A of the Central Excise Act, 1944(1 of 1944), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 42/2008-Central Excise, dated the 1st  July, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 492(E), dated the 1st July, 2008, namely:-  

 

In the said notification,

 

(i)                 for Table-1 and the illustration, the following shall be substituted, namely:-

 

“Table-1

Sl. No.

Retail sale price (per pouch)

Rate of duty Per packing machine per month(Rs. in Lakhs)

Pan masala

Pan masala containing tobacco

(1)

(2)

(3)

(4)

1.

Up to Re. 1.00

14.76

24.42

2.

Exceeding Rs. 1.00 but not exceeding Rs. 1.50

22.14

36.64

3.

Exceeding  Rs. 1.50 but not exceeding Rs. 2.00

28.04

46.40

4.

Exceeding Rs. 2.00 but not exceeding Rs. 3.00

42.06

69.61

5.

Exceeding Rs. 3.00 but not exceeding Rs. 4.00

54.31

89.88

6.

Exceeding Rs. 4.00 but not exceeding Rs. 5.00

67.88

112.35

7.

Exceeding Rs. 5.00 but not exceeding Rs. 6.00

81.46

134.82

8.

Above Rs. 6.00

81.46 + 13.28 * (P-6),

134.82  + 21.98 * (P-6),

 

 

Where ‘P’ above represents RSP of the pouch for which duty rate is to be determined

 

Illustration. -    The rate of duty per packing machine per month for a Pan masala pouch having retail sale price of Rs. 8.00 (i.e. ’P’) shall be= Rs. 81.46 + 13.28 * (8-6) lakhs = Rs. 108.02 lakhs.”           

 

(ii)               for  the Table -2, the following shall be substituted, namely:-

 

“Table -2

 

Sr. No.

Duty

Duty ratio for pan masala

Duty ratio for pan masala containing tobacco

(1)

(2)

(3)

(4)

1

The duty leviable under the Central Excise Act, 1944

0.2842

0.7665

2

The additional duty of excise leviable under section 85 of the Finance Act, 2005

0.1421

0.0766

3

National Calamity Contingent Duty leviable under section 136 of the Finance Act, 2001

0.5446

0.1277

4

Education Cess leviable under section 91 of the Finance Act, 2004

0.0194

0.0194

5

Secondary and Higher Education Cess leviable under section 136 of the Finance Act, 2007

0.0097

0.0097”.

 

 

[F.No 354/120/2011-TRU]

 

[Raj Kumar Digvijay]
Under Secretary to the Government of India

 

Note: - The principal notification No. 42/2008-Central Excise, dated the 1st July, 2008 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.492 (E), dated the 1st July, 2008 and last amended by notification No. 13/2012 Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)  vide number G.S.R.164 (E), dated the 17th  March, 2012.

 

 

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions