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CBEC
The Central Board of Excise and Customs (CBEC) is the national agency responsible for administering Customs, Central Excise & Service Tax in India.
The Central Board of Excise & Customs (CBEC) consist of 3 main divisions in it
Custom
A customs duty is a tariff or tax on the importation (usually) or exportation (unusually) of goods.
Custom Rates
Product
Soya Protein
2012
10 5 20 6 2.5 4
2011
30 7.5 10 7.5 2
Water Fertilizers
Bicyle Parts
Platinum
Provisions of Custom
Prohibitions on importation and exportation of goods Detection of illegally imported goods and prevention of the disposal thereof Prevention or Detection of Illegal Export of Goods Provisions relating to conveyances carrying imported or exported goods
Goods in Transit
Exemptions in Customs
Natural gas/Liquified Natural Gas imported for power generation by a power generation company. Uranium concentrate, sintered natural uranium dioxide, sintered uranium dioxide pellets for generation of nuclear power Coal mining projects. Steam coal. New and retreaded aircraft tyres Life saving Drugs
Excise
An excise is an inland tax on the sale, or production for sale, of specific goods or a tax on a good produced for sale, or sold, within a country or licenses for specific activities.
Excise Provisions
Levy and collection of duty. Indicating Amount of Duty in the price of goods, etc., for purpose of refund and crediting certain amounts to the fund. Powers and duties of Officers and Landholder Settlement of Cases Appeals
Excise Rates
Product
Petrol/LPG or CNG driven cars (length not exceeding 4000mm and engine capacity not exceeding 1200 cc ) Petrol driven cars (length exceeding 4000mm and engine exceeding 1500 cc) Diesel cars (length exceeding 4000mm and engine capacity under 1500 cc) Readymade garments
2012(%)
12
2011(%)
10
27
24 12
22
22 10
6 12
10 10
Product
Footwear Specified raw materials viz. Polypropylene, Stainless Steel Strip
2012
12 6
2011
10 4
12
10
Exemptions in Excise
Goods produced in Government Factories, Mines, Mints, etc. Goods supplied for Defence or other specified purposes. Goods required for Nuclear Fuel Complex. Certain specified goods connected with solar and natural energy. Specified raw materials viz. stainless steel tube and wire, cobalt chromium tube, Hayness Alloy-25 and polypropylene mesh required for manufacture of Coronary stents/ coronary stent system and artificial heart valve on actual user basis.