Notifications and Circulars as on May 06, 2016

CBEC

  • Notification: Central Excise

1. Amendment of Notification No. 1/2011 -Central Excise dated March 1, 2011 which prescribes the effective rate if duty as 2% on certain goods on which exemption has been withdrawn without availing Cenvat credit

The Central Government vide Notification No.20/2016 – Central Excise dated May 5, 2016 has made further amendments in Notification No. 1/2011 –Central Excise dated March 1, 2011 which prescribes the effective rate of duty as 2% on certain goods on which exemption has been withdrawn without availing Cenvat credit by omitting Wireless data modem cards with PCMCIA or USB or PCI express ports and entries relating thereto from the goods specified.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-tarr2016/ce20-2016.pdf

2. Amendment of Notification No. 2/2011 -Central Excise dated March 1, 2011 which prescribes the option to pay duty at 6% on certain goods with Cenvat credit on which exemption has been withdrawn

The Central Government vide Notification No.21/2016 – Central Excise dated May 5, 2016 has made further amendments in Notification No. 2/2011 –Central Excise dated March 1, 2011 which gives option to pay at 6% on certain goods with Cenvat credit on which exemption has been withdrawn by omitting Wireless data modem cards with PCMCIA or USB or PCI express ports from the specified goods.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-tarr2016/ce21-2016.pdf

3. Amendment of Notification No. 12/2012 -Central Excise dated March 17, 2012 which prescribes  effective rate of duty on goods falling under chapter 1 to 96

The Central Government vide Notification No.22/2016 – Central Excise dated May 5, 2016 has made further amendments in Notification No. 12/2012 –Central Excise dated March 17, 2012 which prescribes effective rate of duty on goods falling under chapter 1 to 96. Some of the entries introduced or substituted are as follows-

  • Rate of 9.5% has been reduced to 9.35%  on Gold bars, other than tola bars subject to the condition specified
  • Rate of 4% on Populated printed circuit board of- Lithium-ion battery other than battery for mobile handset, Broadband Modem, Router, Set-top box for gaining access to internet, Digital Video Recorder (DVR)/Network Video Recorder, (NVR), CCTV Camera/IP Camera and Reception apparatus for television but not designed to incorporate a video display

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-tarr2016/ce22-2016.pdf

4. Amendment of Notification No. 49/2008-CE (N.T.) dated December 24, 2008 which prescribes rate of abatement as a percentage of retail sale price for specified goods

The Central Government vide Notification No.25/2016 – Customs (N.T.) dated May 5, 2016 has made further amendments in Notification No. 49/2008-CE (N.T.) dated December 24, 2008 which prescribes rate of abatement as a percentage of retail sale price for specified goods by inserting routers with an abatement rate as percentage of retail sale price of 20%.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-nt2016/cent25-2016.pdf

5.Reference of Infrastructure Cess incorporated in various Export/ Rebate Notifications under Central Excise

The Central Government Vide Notification No. 26/2016 – Customs (N.T.) dated May 5, 2016 has made further amendments in below mentioned Export/ Rebate  Notifications by including the reference of Infrastructure Cess under meaning of the term ‘duty’ prescribed therein:

Notification No. and  Date Particulars
Notification No.42/2001-CE(NT) dated June 26, 2001 Procedure for export under bond without payment of duty
Notification No.43/2001-CE(NT) dated June 26, 2001 Conditions, safeguards and procedure for procurement of excisable goods without payment of duty for using in the manufacture or processing of export goods
Notification No.19/2004-CE(NT) dated September 6, 2004 Conditions, limitations and procedure for rebate of the whole of the duty paid on all excisable goods
Notification No. 21/2004-CE(NT) dated September 6, 2004 Procedure for rebate of whole of the duty paid on inputs used in exported excisable goods except to some countries

 

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-nt2016/cent26-2016.pdf

Notification: Customs

1. Amendment of Notification No. 12/2012 -Customs dated March 17, 2012 which prescribes the effective rate of duty on Goods imported into India

The Central Board of Excise and Customs vide Notification No.30/2016 – Customs (N.T.) dated May 5, 2016 has made further amendments in Notification No. 12/2012 -Customs dated March 17, 2012 which prescribes the effective rate of duty on the goods imported into India. Some of the entries introduced or substituted are as follows-

  • Effective rate of duty on import of Preform of Silica for use in manufacture of telecommunication grade optical fibres or optical fibre cables is 5% subject to the condition specified
  • Nil duty on import of Charger or adapter, battery, wired headsets for use in manufacture of mobile handsets including cellular phones subject to the condition specified
  • Nil duty on import of arts or components for use in manufacture of populated printed circuit board of Lithium-ion battery other than battery for mobile handset, Broadband modem, Router, Set-top box for gaining access to internet, Digital Video Recorder (DVR)/Network Video Recorder (NVR), CCTV Camera/IP Camera, Reception apparatus for television but not designed to incorporate a video display subject to the condition specified

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs30-2016.pdf

2. Amendment of Notification No. 21/2012 -Customs dated March 17, 2012 which prescribes the rate of additional duty of Customs on the import of specified goods

The Central Board of Excise and Customs vide Notification No.31/2016 – Customs (N.T.) dated May 5, 2016 has made further amendments in Notification No. 21/2012 -Customs dated March 17, 2012 which prescribes the rate of additional duty of Customs on the import of specified goods. Some of the entries introduced or substituted are as follows-

  • Nil duty on import of Charger or adapter, battery, wired headsets for use in manufacture of mobile handsets including cellular phones subject to the condition specified
  • Nil duty on import of Populated Printed Circuit Boards (PCBs) for use in manufacture mobile handsets including cellular phones which was 2% earlier.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs31-2016.pdf

3. Amendment of Notification No. 24/2005 -Customs dated March 1, 2005 which prescribes the specified goods on which whole of Customs duty is exempt

The Central Board of Excise and Customs vide Notification No.32/2016 – Customs (N.T.) dated May 5, 2016 has made further amendments in Notification No. 24/2005 -Customs dated March 1, 2005 which prescribes the specified goods on which whole of Customs duty is exempt by making the import of charger or adapter, battery, wired headsets and speakers of mobile handsets including cellular phones duty free.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs32-2016.pdf