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Tariff notification for coke industry

Raginee Goyal (Chartered Acountant & Indirect Tax consultant) (27 Points)

07 May 2012

Notification 1/2011 CE prescribed 1% concessional rate of duty for coke products under CET 2704 without availment of Cenvat credit. However, if cenvat credit is availed, tariff rate of 5% was prescribed in Budget 2011. However, Relevant Notification 2/2011 CE does not notify 2704 and hence, I am unable to locate the relenvat tariff and non tariff notificatiosn applicable to the same. If anyone could help, thanks in anticipation,

Regards

Raginee Goyal, FCA

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3 Replies

Sunil Kumar G (AGM Taxation) (373 Points)
Replied 08 May 2012

Please refer amendment in Finance bill 2011 vide section 70 ' the amendment to First schedule to Tariff as per the manner specified in the Tenth Schedule of Finance Bill 2011. You can download tenth Schedule of Finance bill by visiting https://indiabudget.nic.in/budget2011-2012/ub2011-12/fb/bill910.pdf

Refer sl. no 35 your CET 2704 is mentioned in Schedule as duty @ 5%.

Sunil Kumar G

Attached File : 791688 976891 bill910 schedule 10.pdf downloaded: 198 times

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Raginee Goyal (Chartered Acountant & Indirect Tax consultant) (27 Points)
Replied 15 May 2012

Thanks.

Could you also refer the CETSH and rate of duty on gold bullion of purity 99% or above (The proper CETSH under CHapter 71 may kindly be referred for classifying the goods and checking latest rate of duty.

THanks in anticipation

Sunil Kumar G (AGM Taxation) (373 Points)
Replied 21 May 2012

Full exemption from excise duty is being provided for gold coins of purity 99.5% and above and silver coins of purity 99.9% and above [S. No. 200 of notification No.12/2012-CE dated 17.03.12 refers].