 |
 |
| MORELLO COMPOUND, M.G. ROAD, SHILLONG – 793001 Telephone# 0364-2222625 FAX # 0364-2222330 E-mail:cexshill@excise.nic.in Trade Notice No. 07/2007-Central Excise Dated Shillong, the May 2007 Subject: Post Budget Changes in Central Excise-reg. Trade and all concerned are informed that while replying to the debate on Finance Bill in Lok Sabha on 3rd May 10, 2007, the Finance Minister has announced certain changes in Customs and Central Excise duty structures. Salient features of changes in respect of Central Excise duty are indicated below.. 1 Excise Duty 1.1 Excise Duty on textured vegetable proteins (soya bari ) has been reduced from 8% to Nil. Similarly, excise duty on ready to eat packaged food has been reduced from 8% to Nil. 1.2 Full exemption from Excise duty, presently available to biscuits of retail sale price (RSP) equivalent of Rs. 50 per kg. or less, has been extended to biscuits of RSP equivalent upto Rs.100 per kg. 1.3 Excise duty (excluding Biri Workers Welfare Cess) has been reduced on hand made biris from Rs.11 to Rs.9 per thousand and on other biris (machine made) from Rs.24 to Rs.21 per thousand. 1.4 Excise duty on particleboards and other similar boards of heading 4410 and fiberboards of heading 4411 has been reduced from 16% to 8%. 1.5 Water Purification Equipment based on ultra-filtration technology using polysulphone membranes have been fully exempted from excise duty. 1.6 Excise duty on slide fasteners, including zip fasteners, and their parts falling under heading 9607 has been reduced from 16% to 8% 1.7 An ad-valorem rate of excise duty at 12% of retail sale price has been prescribed for cement of retail sale price exceeding Rs.190 per 50 kg bag or per tonne equivalent retail sale price exceeding Rs. 3800. As you are aware, the tariff rate being Rs. 600 PMT, the rate of excise duty on cement priced above Rs. 250 per 50 kg bag or per tonne equivalent retail sale price exceeding Rs.5000 will be Rs.600 PMT. Notification Nos22/2007-CE to 24/2007-CE all dated 3rd May, 2007 have been issued in this regard, which may please be perused carefully to give effect to the above changes. (Karnail Singh) Commissioner |