Tuesday, March 15, 2011

EXCISE DUTY


  • Central Excise Duty to be maintained as 10% only.
  • Nominal Central Excise Duty of 1 % without Cenvat credit facility is being imposed on 130 items entering in the tax net.
  • Lower rate of Central Excise Duty enhanced from 4 % to 5
  • Optional levy on branded garments or made up proposed to be converted into a mandatory levy at unified rate of 10 per cent.
  • Labelled jewelry and Precious metals attract 1% excise duty.
  • Excise duty on baby & clinical diapers and adult diapers is being reduced from 10% to 1% with no CENVAT credit.
  • Concessional rate of excise duty for Hydrogen / hybrid vehicle.

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