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TMI BlogEXPLANATORY NOTES (CENTRAL EXCISE)X X X X Extracts X X X X X X X X Extracts X X X X ..... 20, which are prepared and served in a hotel, restaurant or retail outlet whether or not such food is consumed in such hotel, restaurant or retail outlet is being fully exempted from basic excise duty. [S.No.13 of Notification No.12 /2012-CE dated the 17th March 2012 refers] Chapter 21 21.1 Basic excise duty on processed food products of soya is being reduced from 10% to 6% ad valorem. [S.No.31 of Notification No. 12/2012-CE dated the 17th March 2012 refers] 21.2 The rates of excise duty on Pan Masala and Guthka classified under 2106 90 20 and 2403 99 90 respectively and notified under section 3A is being enhanced .[Notification no. 13/2012-CE dated the 17th March, 2012 refers] Chapter 22 to 23 No Change Chapter 24 24.1 The existing slab of filter and non filter cigarettes of length not exceeding 60 mm‟ is being modified to length not exceeding 65 mm‟. Consequently, the slab exceeding 60mm but not exceeding 70mm is also being revised to exceeding 65mm but not exceeding 70mm in both filter and non filter segment . However the existing rate of excise duty applicable to cigarettes of length not exceeding 60mm would apply to cigarettes -both filter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... saving drugs/vaccines and bulk drugs for their manufacture are being fully exempted from excise duty [ S.No. 108 of Notification No. 12/2012-CE dated the 17th March 2012 refers] Chapter 31 to 35 No Change Chapter 36 36. Excise duty rate on Matches manufactured by semi-mechanized units - carrying out one or both the processes of frame filling or dipping of splints in the composition for match heads through aid of power is being reduced from 10% to 6%. [S.No. 142 of Notification No.12 /2012-CE dated the 17th March 2012 refers] Chapter 37 to 39 No Change Chapters 40 40.1 Excise duty on pneumatic tyres, new or retreaded, used in aircraft is being reduced from 10% to nil‟ Chapter 41 to 47 No Change Chapters 48 48. A chapter note in chapter 48 is being inserted to provide that if paper and paper products of headings 4811, 4816 or 4820 are printed with any character, name logo, motif or format, they shall remain classified under chapter 48 as long as such products intended to be used for further printing. [Clause 141 read with the Seventh schedule refers] Chapter 49 No Change Chapter 50 to 60 No Change Chapter 61 61.1. The exc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... being imposed on all articles of jewellery other than silver jewellery which is being fully exempted. Such duty is to be paid on tariff value which is being fixed at 30% of the transaction value as declared in the invoice [S.No. 199of Notification no.12 /2012-CE dated 17.03.2012 and Notification no 09/2012-CE(N.T.) dated 17.03.2012 refers]. 71.6 While the general SSI exemption is being extended to such goods, it is also being provided that for the purposes of availing the exemption under the said notification for the financial year 2012-13, the aggregate value of clearances of Rs. 4.5 crore for 2011-12 shall be calculated on such tariff value. [Notification No. 8 /2003-Central Excise dated 1.3.2003 as amended by Notification No. 15 /2012-Central Excise dated 17.03.2012 refers]. 71.7 Excise duty rate is being increased on the DTA [Domestic Tariff Area] clearances of plain gold jewellery manufactured by an EOU (Export Oriented Units) from 5% ad- valorem to 10% ad valorem. [S. No.8 of notification No. 23/2003-CE dated 31.03.03 as amended by notification no 5/2012-CE dated 17.03.2012 refers]. 71.8 Full exemption from excise duty is being provided for all articles of precious me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 cc is being increased from 22% to 24% and on petrol driven vehicles having length exceeding 4000mm and engine capacity exceeding 1500 cc from 22% + Rs.15,000 to 27% [S.No. 284 of Notification No. 12/2012-CE dated the 17th March 2012 and clause 141 read with the Seventh schedule refers] 87.4. Excise duty on diesel driven cars with length exceeding 4000mm and engine capacity under 1500 cc is being increased from 22% to 24% and on diesel driven vehicles having length exceeding 4000mm and engine capacity exceeding 1500 cc from 22% + Rs.15,000 to 27 [S.No. 284 of Notification No. 12/2012-CE dated the 17th March 2012 and clause 141 read with the Seventh schedule refers] 87.5. Excise duty on replacement batteries for supply to electric vehicle manufacturers who are registered with IREDA or any State Nodal Agency notified for the purpose by the Ministry of New Renewable Energy for Central finance assistance (CFA) is being reduced from 10% to 6% till 31st March, 2013. [S.No. 260 of Notification No. 12/2012-CE dated the 17th March 2012 refers] 87.6. Excise duty on specified parts of hybrid vehicle is being reduced from 10% to 6%. [S.No. 297 of Notification No. 12/2012-CE dated th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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