Excise duty rate 2013-14 pdf

It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Changes in excise duty and notification india budget 2014. Goods and products which are manufactured and consumed within india have to pay an indirect tax to the government, with this tax being called central excise duty. The rates applicable to excise duty are specified as per the central excise tariff rules. The duty rates for spirits, wine and madewine, and cider and perry increased by 2 per cent above the rate of inflation based on rpi on 25 march 20. This added 2 pence to the price of a litre of cider, 10 pence to the price of a bottle of. Central excise duty changes as per indian budget 201718. Table a revision of excise duty for civilian excise duty per case rs. This added 2 pence to the price of a litre of cider, 10 pence to the price of a bottle of wine, and 38 pence to the price of a bottle of spirits.

The mean cenvat rate was increased from 8% to 10% w. Hotel bar nirdesh 202021 20 mar 2020 fl2, fl3, fl3a, fl4 and 4a license renewal nirdesh 201920. Enhancement in rates of excise duty on cigarettes both filter and nonfilter of length exceeding 65 millimetres by adding an ad valorem rate of 10% to the existing specific rates of duty. Budget 2014 changes in excise duty rates and baggage rules. Compounded levy on stainless steel patta patti is being increased from rs 30,000 per. Taking into account the other levies paid by telecoms companies on turnover takes the tax on gross revenue to 36.

Union budget 2014 impact on the healthcare sector 3 an overview. Excise duty and consumer tax import excise goods goods liable to consumer tax. An analysis of the distributional impact of excise duty in. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. The zero excise duty route will now be available in addition to the cenvat route under which manufacturers can pay excise duty on the final product and avail of credit of duty paid on inputs. The information in this book is based on taxation law, legislative proposals and current practice up to and including measures contained in finance bill 20, which is expected to become finance act 20. The excise duty rates on such cement as well as cement cleared other than in packaged form is also being revised s. Know your taxes 2014 5 income tax corporations 20 2014 small business taxpayers turnover tax a resident taxpayer whose annual gross turnover does not exceed kshs 5 million will be taxed at the rate of 3%.

Revenue for 2014 indicates modest increase in total light and the final revenue figures for light and medium ruc, and petrol excise duty indicate growth in light and medium vkt for 2014 of 1. General rules for interpretation of the schedule to the central excise tariff act, 1985. The excise duty rate on cement clinkers is also being revised. Indian budget 201617, excise duty tariff changes, chapter wise. Go to changes in budget 201516 changes in excise duty in budget 201415 go to budget main page.

Changes in customs and central excise law and rates of duty have been proposed through the finance bill, 20 clauses 54. Budget 2014 changes in excise duty rates and baggage. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Excise duty act arrangement of sections part i preliminary section 1. While the tax is paid by the manufacturer, the onus of additional payment for a product to account for this dutytax falls on the consumer. The permit fee has been increased as per detail given below. In fy 201819, excise duty accounted for 9% of total revenue uganda has implemented several tax policy reforms such as. Basic and special excise dutybasic excise duty and special excise duty are leviable under the central excise act at the rates specified in the central excise tariff act, 1985. Gst, on the other hand, has standard rates at 0%, 5%, 12%, 18%, and 28% depending upon the kind of product. The 2015 to 2016 rates and thresholds for employers have been added. The excise policy for 2014 for the period commencing from 1st may, 20 to 30th april, 2014 is detailed as under. Tapioca starch manufactured and consumed captively in the manufacture of tapioca sago sabudana is being exempted from excise duty. Excise duty on recorded smart cards has been increased from 2% without cenvat and 6% with cenvat to a uniform rate of 12%.

Customs administration of the netherlands for business. Addition of link to national archive page on rates and allowances for previous years. The value added tax and supplementary duty act, 2012. Cigarettes are being notified under section 4a for rsp based. Customs tariff downloads customs and excise downloads. Customs duty tariff rate changes as per indian budget 201718.

The excise duty structure on mobile handsets has been restructured so as to provide that all mobile handsets will attract 1% excise duty if cenvat benefit is not availed of. This is a tax levied on the income of companies under the incometax act. Central excise, rules, tariff, acts, notifications, manual. This measure will affect vehicle owners who pay for or make eligible requests for nil rate vehicle excise duty ved tax discs, including vehicle dealers who pay to renew an existing. Alcohol duty rates the duty rates for spirits, wine and madewine, and cider and perry increased by 2 per cent above the rate of inflation based on rpi on 25 march 20. While the tax is paid by the manufacturer, the onus of additional payment for a product to account for this duty tax falls on the consumer. The first schedule to the central excise tariff act, 1985 5 of 1986 and exemption.

Basic and special excise duty basic excise duty and special excise duty are leviable under the central excise act at the rates specified in the central excise tariff act, 1985. No change in the rate of excise duty from fy 14 which. Budget 201415 changes in excise duty in budget 2014 2015. To locate an hs code for an item, please click on the appropriate chapter below. Jul 10, 2014 1 an additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aerated waters, containing added sugar falling under chapter heading 2202 10 i. Union budget 2014 impact on the automotive sector 10 indirect tax proposals central excise cont increase on excise duty on sports utility vehicles non tourist vehicles from 27% to 30% decrease in excise duty on the chassis of specified diesel motor vehicles from 14% to %.

Central excise tariff no change 4819 10 cartons, boxes and cases, of corrugated paper or paperboard. Economic impact the measure is not expected to have any significant economic impacts. In line with our expectations, the re for 2012 indicate a shortfall in corporation tax, customs duty and excise duty collections relative to the be for 2012, by rs. This amount is utilized by excise and taxation technical service agency ettsa for computerization of the department. Presenting the union budget in lok sabha today, the finance minister announced that there will be no change in the normal rate of excise duty of 12% and the normal rate of. The estimate for the private and light goods vehicles was 0. Impact on individuals and households the impact on individuals and households is expected to be a negligible. The statutory or tariff rate of central excise is being reduced to 12 % for nonpetroleum goods other than those which are exempt, or at higher duty and for petroleum goods, the statutory ad valorem duty or the ad valorem component on products having composite rate is also being reduced to 14%. Service tax rate tariff changes under indian budget 201718 updating soon after budget 201718 on 1 st february,2017 under text format and pdf format indian budget 201617, excise duty tariff changes. Excise policy 202021 25 feb 2020 excise policy nirdesh 202021.

Changes in excise duty and notification india budget 201415. Bottled beer draught beer beer having alcoholic contents up to 5. Excise duty changes in budget 2014, 2012 20 cybex exim. Asc group, a delhincr based firm, started its journey way back in 1995 with value added tax vat, stamp duty, state excise, land revenue and tax on the rate of tax remains the same for companies for the financial year 2014 as may 2, 2015 may 10, 20 mar 31, 2015 jan 20, 2010. Caste certificate, domicile certificate, handicaped certificates of employees. In such a case, the taxpayer will not be required to register for vat. No change in the normal rates of excise duty and service tax there is no change in the peak rate of basic customs duty of 10% for nonagricultural products. Changes in rate of excise duty in budget 201617 resolved. Jan 25, 2019 customs duty tariff rate changes as per indian budget 201718. Vat rates in delhi 2014 pdf floorball referee resources. General explanatory notes and additional notes additional duties of excise goods of special importance act, 1957 58 of 1957. Stamp duty 6 8 rates 9 excise duty 10 other proposals 11 14 note.

The information contained in this synopsis is drafted based on the current tax laws and legislative proposals and measures contained in the 2014 hong kong budget announced on 27 february 20. The rate of federal excise duty on aerated beverages is being increased from 6% to 9% and introduction of capacity based taxation on aerated beverages to stop evasion and malpractices in the sector enforced through finance bill, 20, effective from the 01. The central excise tariff act, 1985 5 of 1986 general rules for interpretation of the schedule to the central excise tariff act, 1985. Indian budget 201617, excise duty tariff changes, chapter. General excise duty rate cenvat rate is being enhanced from 10% to 12%. Taxes and the central board of excise and customs shall issue appropriate clarifications. Additional duties of excise goods of special importance act, 1957 58 of 1957 4.