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The notification says that the Central Government exempts cement falling under Item No. 23 of the First Schedule to the Central Excises and Salt Act, 1944 and manufactured in …
mini-cement plants, which remains unchanged at Rs.250 PMT. 25.3 Excise duty on cement clinkers is being increased from Rs.350 per tonne to Rs.450 per tonne. By …
2) Excise duty on cement clinkers has been increased from Rs.200/- to Rs.250/- per metric tonne. 3) Excise duty on cement made by mini cement plants has been increased from Rs.200 to Rs.250 per metric tonne. 4) Excise duty on cement cleared in bulk has been increased from Rs.332 per metric tonne to Rs.382 per metric tonne.
3.2 Consequent to enhancement of the standard rate, the rates of duty on cement have also been revised upwards suitably. In the case of packaged cement manufactured by units other than mini-cement plants, excise duty has been increased from 8% to 10% for cement of declared retail sale price exceeding Rs. 190 per 50 kg bag or Rs. 3800 per …
what is the procedure for of excise and custom for cement clear in bulk and pack in bagging plant from another location - Excise Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!
What is Local Excise Duty? Local Excise Duty is a tax on particular products produced domestically and may be imposed at any stage of production or distribution, by reference to weight, strength or quantity of the product, or by reference to the value. Excise duty is also imposed on particular services. 2. On what products is Local Excise Duty ...
The standard rate of Central Excise duty for non-POL products has been maintained at 10%. The merit rate of excise duty (CENVAT) for non-petroleum goods has bee. Income Tax . Articles; News; Judiciary; ITR; Notifications; Circulars; Instructions; Orders; Press Release; Budget. Budget 2024; Budget 2023; Budget 2022; Service Tax. Articles;
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All goods, whether or not manufactured in a mini cement plant, not covered in S.No. 1 and cleared in packaged form,-(i) of retail sale price not exceeding …
Cement manufactured by units other than mini-cement plants and cleared in a ... 3.4 Excise duty at the rate of 10% shall now apply to ready-made garments and made-up articles of textiles falling under Chapters 61, 62 and 63 (heading nos.63.01 to …
Presently, packaged cement of MRP of Rs 3800 to 5000 per tonne, produced by mini plant beyond 99000 tonne or produced by plants other than mini plants attracts excise duty @ …
TaxTMI The Karnataka High Court determined tax and penalty... TaxTMI The Ministry of Finance, Department of Revenue,... TaxTMI Instruction No. 15/2024-Customs, issued by the...
excise duty rate mini cement plant. Home ; Income Tax; D.Tax + G S T ; Exp. / Imp. IDT+ (old) Corporate Laws; Indian Laws; Sub Menu; Experts; About ... Login. Tax Management India. Com Law and Practice : Digital eBook Research is most exciting & rewarding Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum ...
Effective Rate of Duty on Cement Manufactured by Mini Cement Plants - 24/91 - Central Excise - Tariff. In exercise of the powers conferred by sub-section (1) of section 5A of …
Cement manufactured by units other than mini-cement plants and cleared in a packaged form was chargeable to Central Excise duty either at specific rates or ad …
25.1 The graded excise duty structure based on RSP slabs applicable to cement manufactured and cleared in packaged form is being removed for both mini-cement plants and non-mini cement plants. The excise duty rates on such cement as well as cement cleared other than in packaged form is also being revised [S. No. 51 and 52 of
25.1 Specific rates of excise duty on cement falling under sub-heading 2523 29 have been revised as under: S.No. From To 1 o Cement manufactured by mini-cement plant cleared in packaged form (a) of retail sale price not exceeding Rs.190 per 50 Kg bag or per metric tonne retail sale price equivalent not exceeding ...
Custom, Excise & Service Tax Tribunal M/S Heidelberg Cement India Limited vs Commissioner Of Central Excise, ... on 8 September, 2016 CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL SOUTH ZONAL BENCH BANGALORE Appeal(s) Involved: E/28570/2013-SM [Arising out of Order-in-Appeal No. 488/2013-CE dated …
excise duty mini cement plant exemption H : Validity of Revision u/s 263 by CIT - As per PCIT AO omitted to examin... H : Interest levied u/s. 234B - Liability of advance Tax - TDS was not ded...
Central excise duty rates on cement and cement clinker are being revised as follows: I Mini Cement Plant: Existing duty rate New duty rate All goods cleared in packaged form,- (i) of retail sale price not exceeding Rs. 190 per 50 kg bag or of per tonne equivalent retail …
The tax rates for cement is extremely complex. For example, there are various rates and specific duties of excise applicable on different types of cement depending on whether they are supplied in bulk form or in packaged form or whether for industrial or trade purposes. The effective rates including excise & VAT totals up to …
Excise Duty. Excise Duty is a duty charged on specific goods and services manufactured locally or imported on varying rates. It is charged in both specific and ad valorem rates. Items charged under specific rates include: Wine, spirits, beer, soft drinks, mineral water, fruit juices, Recorded DVD, VCD, CD and audio tapes, cigarettes, tobacco ...
Multiplicity of the tax rate is difficult to administer and leads to duty evasion. MRP based duty and Abatement on valuation: Presently, packaged cement of MRP of Rs 3800 to 5000 per tonne, produced by mini plant beyond 99000 tonne or produced by plants other than mini plants attracts excise duty @ 12% ad valorem on MRP without any abatement.
Pakistan: The government plans to raise the rate of federal excise duty for cement plants operating at less than capacity utilisation. The Dawn newspaper has reported that the measure aims to reduce cement prices in the country. Taxes are currently US$8.55/t of cement produced. In the 2021 financial year, capacity utilisation was at …
The Chennai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) allowed the refund of duty paid under protest as there was an excise duty exemption claim for setting up water treatment plants. M/s. Alstom T & D India Ltd, the appellants received orders from M/s. Megha Engineering and Infrastructure Ltd., …
In case of Sale of Cement in MRP bags from other than Mini Cement Plant, duty is 10% + Rs.80 PMT or Rs.PMT (on the basis of price.) About specific duty it is ok. …
please provide me current RSP slab for charging excise duty in cement manufacturing industry. ... Calculation of Income from Salary and Filing their Income Tax Return . Faiz Aamir INR 199. GST Litigation Course Recording. CA Abhishek Raja Ram INR 999. Excel Mastery Program. CA Rishabh Pugalia INR 1999.
[Order per : B. Ravichandran, Member (T)]. - There are three appeals by the appellant dealing with their eligibility for Cenvat credit of duty in respect of cement and TOR steel used for construction of plant and machinery in their factory premises. As the issue involved is similar and overlapping, all these appeals are taken up together for disposal.
This proposes an increase of FED on certain items, including cement, which is currently being paid by cement manufacturers at the rate of PKR700t. In the Pakistan government's FY10 budget, FED on cement was reduced from PKR900/t to PKR700/t, as the government sought to boost the construction sector by lowering the price of cement.
For more information contact: +260 211 381111/ 0971-281111/ 5972 / 0962251111 Email us at: [email protected] Website: (A Brief Guide) EXCISE DUTY a. Any portable liquid containing more than
25.1 The graded excise duty structure based on RSP slabs applicable to cement manufactured and cleared in packaged form is being removed for both mini-cement …
