 GENERAL CENVAT RATE |
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General rate of excise duty (CENVAT) has been reduced from 16% to 14%. The other ad valorem rates of 24%, 12% and 8% remain unchanged.
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| SECTOR SPECIFIC RELIEF MEASURES |
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I. Drugs and Pharmaceuticals:
(a) Excise duty has been reduced from 16% to 8% on all drugs (formulations).
(b) Excise duty has been reduced from 16% to 8% on:
(i) instant sterile dressing pads, burn therapy pads, corn removers etc.
(ii) sterile surgical catgut, sterile absorbable surgical and sterile tissue adhesive for wounds closure etc.
(iii) first aid boxes and kits, blood grouping reagents etc.
(c) Excise duty has been fully exempted on Anti-AIDS drug ATAZANAVIR, and bulk drugs for its manufacture.
II. Auto Sector: Excise duty has been reduced on:
(a) Small cars from 16% to 12%.
(b) Hybrid cars from 24% to 14%.
(c) Electric cars from 8% to nil.
(d) Specified parts of electric cars from 16% to nil on end-use basis.
(e) Buses and other vehicle for transport of more than 13 persons from 16% to 12%, and on the chassis of such vehicles from '16% +Rs.10,000/-' to '12% +Rs.10,000/-'.
(f) Two-wheelers and passenger three-wheelers (upto 7 persons) from 16% to 12%.
III. Food Processing Sector:
(a) Excise duty has been fully exempted on:
(i) Packaged tender Coconut water
(ii) Paws, mudi (puffed rice) and the like
(iii) Milk containing edible nuts
(iv) Tea/ coffee pre-mixes
(b) Excise duty has been fully exempted on specified refrigeration equipment for the installation of a cold storage, cold room or refrigerated vehicle, on end-use basis.
(c) Excise duty has been reduced from 16% to 8% on
(i) Muesli, corn flakes & similar breakfast cereals
(ii) Sharbats
(iii) Certain Packaging material viz.:
IV. Information Technology & Communication sector:
(a) Excise duty has been fully exempted on Wireless data modem cards. Consequently, CVD shall also be exempted on imported cards. 4% additional duty of customs will, however, be applicable.
(b) Excise duty has been reduced from 16% to 8% on specified convergence products.
(c) Excise duty has been increased from 8% to 12% on packaged software.
V. Paper and Paper products:
1) Excise duty on writing paper, printing paper and packing paper has been reduced from 12% to 8%.
2) Excise duty has been fully exempted on paper and paper products, manufactured from non-conventional raw materials, upto clearance of 3500 metric tonne in a year from a unit.
3) Excise duty on paper and paper products, manufactured from non-conventional raw materials, beyond clearance of 3500 metric tonne per year from a unit (not having an attached bamboo/wood pulp plant) has been reduced from 12% to 8%.
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| OTHER CONCESSIONS |
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(a) Excise duty has been fully exempted on:
(i) Composting machines
(ii) Menthol/ Menthol Flakes
(b) Excise duty has been reduced from 16% to 8% on:
(i) Water filtration and purification devices
(ii) Veneers & Flush doors
(iii) Heat resistant rubber tension tape
(iv) Inks for marker pens, highlighters etc.
(c) Excise duty on pan masala, not containing tobacco, with betel nut content not more than 15%, has been reduced from 16% to 8%. It has also been exempted from National Calamity Contingent Duty.
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| CEMENT |
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(a) Excise duty has been revised on Bulk cement from "Rs.400 per tonne" to " 14% or Rs. 400 per tonne, whichever is higher"
(b) Excise duty has been increased on Cement clinkers from Rs.350 per tonne to Rs. 450 per tonne.
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