ca ipcc excise duty notes

Constitutional Provisions :   

                  Article 246 -  Schedule Vii - List I Union List- Entry 84

Levy :

 
                 On Manufacture Of Goods Only

Goods :

Includes : Tom - Tobacco - Other Goods – Medicinal And Toilet Preparations Containing Alcohol

Excludes : H-Nodl    Indian Hemp –Narcotics - Other Narcotic Drugs – Drugs – Liquor ( Alcohol )

Applicability
 

       Whole India Including Jammu & Kashmir

Code Excise Duty Alphabet ‘E’ Comes Before Alphabet ‘J’ ( Jammu )         
 

Types Of Duties And Rate

Type Of Duty	Section	Rate	Applicable For
Basic Excise Duty	3(1)(A) Of Cea	12.5 %	All Goods
Nccd	136 Of Fa 2001	1%	Panmasala , Brandeed Chewing Tobacco , Cigaretees , Crude Oil , Mobiles
Addl. Excise Duty	85 Of Fa 2005	10%	Panmasala & Certain Specified Tobacoo Products

Territorial Boundaries :
 

Whole India + Continental Shelf & Exclusive Economic Zone ( Upto 200 Nm )

No Excise Duty On

Goods Manf. In Sez
Goods Given As Free Samples : Excise Duty  Vat Cst Service Tax Customs

Classification Of Goods :
 

Determination Of Rate Of Duty

Levy ( On Manufacture )	Collection ( On Removal )	Applicable Rate
All Types Of Duties ( Including Non Dutiable , Exempted , 0 % )	7% (Say )	Rate On Date Of Removal I.E., 7%
Non-Excisable Goods	7% (Say )	No Duty

No Cenvat Credit If Goods Manf.  In The Brand Name Of Other Person

Price Cum Duty :
Cases  Assee  Collected
1. Less Duty   
2. No Duty 
3. Not Recoverable  
4. Paid Duty On Lesser Value
Assessable Value Incase Of Price Cum Duty = Price Actually Paid * 100 / 1 + R

Payments

Returns (Electronically Only)

Form	Assessee	Period	Due Date
Er 1	Other Than Ssi	Monthly	10th Day Of Ffollowing Month
Er 3	Ssi	Quarterly	10th Day Of Ffollowing Quarter
Annual Return	All	Annualy	30th November Of Fy

B.VINAY REDDY