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Central Excise Duty


Introduction

Central Excise Duty comes under Indirect Tax which is paid by people to the manufacturer who pays it to the government. Taxation in India either charged by state government or by central government depending on the type of tax.

Central Excise Duty is study of:

  • Central Excise rules
  • Central Excise Tariff Act
  • Central Excise Act

Objectives

The main objective of excise duty are:

  • Rates of Excise Duty
  • When and how excise duty is paid
  • Meaning and nature of Excise Duty
  • Valuation of goods for excise purpose
  • Clearance and Registration of goods

Excise Duty Chargeability

Central Excise Duty is levied on production of goods but it arises only on removal of goods. It arises on the removal of goods from the place of storage, i.e. factory or warehouse. If goods are marketable then excise duty is levied. Actual rate is not relevant . Therefore, central Excise Duty is liable for those goods which are given for free replacement during warranty period.


Rates of Excise Duty

Basic rate of central excise duty is 16%. While in some cases, special duty makes the excise duty 24%. At present, for education called education cess, which is 2% of the excise duty. So, the effective excise duty comes out as 16.32% or 24.48%.


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India export 8413 products 5.58 million on 2016-11-20. Total export shipments reported were 0 during this period. Average Price for this period was 22,224.90 INR.

Export Trade data

HS Code Product Value price Date from to
84137010 ( BEING A PART OF 13.8.7.2 DEMIN WATERTREAT SYST REGENE EQUIP)SERVICE- DM REGENERATION PUMP(API) 273,518.00 0.55 2016-06-21 Petrapole Road BENAPOLE
84137010 ( BEING A PART OF 16.8.1.4 WASTE WATER TREAT SYST PLANT) SERVICE FRESH WATERTRANSFER PUMP (API) 166,940.00 0.33 2016-06-21 Petrapole Road BENAPOLE
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-100,10.0 HP 2.5X2, WE INTEND TO CLAIM REWARDSUNDER "MEIS" 19,815.00 0.10 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-100,10.0 HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 20,757.00 0.10 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-150,15.0 HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 28,412.00 0.14 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-200,20.0 HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 33,026.00 0.17 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-50,5.5HP 2.5X2, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 14,887.00 0.07 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-50,5.5HP 3X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 14,467.00 0.07 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-75,7.5HP 2.5X2, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 18,453.00 0.09 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 HIGH SPEED CENTRIFUGAL PUMP, XCPH-75,7.5HP 3X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 16,879.00 0.08 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 PUMP SET 10HP WC,4X4 PUMP,SPLIT:(Pumps for liquids,whether or not fitted withameasuring deviceliquid elevators)AsPerInv 35,663.00 1.50 2016-06-21 Mundra Tema
84137010 PUMP SET DETAIL AS PER INVOICE 5,529.00 1.50 2016-06-21 Raxaul Kathmandu
84137010 PUMPS PRIMARILY DESIGNED TO HANDLE WATERV4" NURAL PUMP TSP-1/ 1.0 HP 28 STAGE 5,143.00 0.01 2016-06-21 Sabarmati ICD Jebel Ali
84137010 PUMPS PRIMARILY DESIGNED TO HANDLE WATERV4" NURAL PUMP TSP-5/ 3.0 HP 25 STAGE 4,681.00 0.05 2016-06-21 Sabarmati ICD Jebel Ali
84137010 PUMPS PRIMARILY DESIGNED TO HANDLE WATERV4" NURAL PUMP TSP-7/ 3.0 HP 15 STAGE 3,758.00 0.02 2016-06-21 Sabarmati ICD Jebel Ali
84137010 PUMPS PRIMARILY DESIGNED TO HANDLE WATERV4" NURAL PUMP TSP-7/ 5.5 HP 25 STAGE 4,681.00 0.09 2016-06-21 Sabarmati ICD Jebel Ali
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-100,10.0 HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 26,315.00 0.13 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-100,10.0 HP 4X4, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 26,839.00 0.13 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-100,10.0 HP 5X5, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 27,783.00 0.03 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-100,10.0 HP 6X6, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 28,516.00 0.03 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-30,3.0HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 16,041.00 0.08 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-30,3.0HP 4X4, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 16,513.00 0.08 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-50,5.5HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 17,927.00 0.09 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-50,5.5HP 4X4, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 18,410.00 0.09 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
84137010 SLOW SPEED CENTRIFUGAL PUMP, XCPS-75,7.5HP 4X3, WE INTEND TO CLAIM REWARDS UNDER "MEIS" 24,008.00 0.12 2016-06-21 Coimbatore - Irugur ICD Shuwaikh
Origin Ports for exportfrom India..Petrapole RoadPetrapole RoadCoimbatore - Ir…Coimbatore - Ir…Coimbatore - Ir…0.000.150.300.450.60
PortValues
Petrapole Road0.547
Petrapole Road0.334
Coimbatore - Irugur ICD0.099
Coimbatore - Irugur ICD0.104
Coimbatore - Irugur ICD0.142
Destination Ports forexport from India..BENAPOLEBENAPOLEShuwaikhShuwaikhShuwaikh0.000.150.300.450.60
PortValues
BENAPOLE0.547
BENAPOLE0.334
Shuwaikh0.099
Shuwaikh0.104
Shuwaikh0.142
Top export shipments(BEI…(BEI…HIGHSPE…HIGHSPE…HIGHSPE…44.6%27.2%
PortValues
( BEING A PART OF 13.8.7.2 DEMIN...0.547
( BEING A PART OF 16.8.1.4 WASTE...0.334
HIGH SPEED CENTRIFUGAL PUMP, XCP...0.099
HIGH SPEED CENTRIFUGAL PUMP, XCP...0.104
HIGH SPEED CENTRIFUGAL PUMP, XCP...0.142
View detailed market data

Import Trade data

HS Code Product Value price Date to from
84139190 BELLOWS ASSY (PART OF PUMP)(3R22652NH)(1 NOS) 0.00 0.02 2016-06-21 Chennai Air Cargo SINGAPORE
84139190 BELLOWS ASSY (PART OF PUMP)(3R23073TX)(2 NOS) 0.00 0.05 2016-06-21 Chennai Air Cargo SINGAPORE
84139190 BELLOWS ASSY (PART OF PUMP)(3R23075TX)(2 NOS) 93,573.00 0.09 2016-06-21 Chennai Air Cargo SINGAPORE
84139190 BELLOWS ASSY (PART OF PUMP)(3R24273TQ)(1 NOS) 0.00 0.07 2016-06-21 Chennai Air Cargo SINGAPORE
84139190 BOOSTERS MVBAT20 AVS (SILVER GRAY) (TEXTILE MACHINE PARTS) 40,393.00 0.04 2016-06-21 Delhi Air Cargo TAIWAN
84139190 CAM ROLLER SHOE 9301 Z 066A (PART OF FIE PUMP) (3453 PCS) 3,226.00 0.17 2016-06-21 Chennai Air Cargo NETHERLANDS
84139190 CAM ROLLER SHOE 9301Z066A (PART OF FIE PUMP) (3482 PCS) 2,689.00 0.18 2016-06-21 Chennai Air Cargo NETHERLANDS
84139190 CAM(COMP FOR HYDRAULIC PUMP)(4000 PCS)(ACTUAL USERS NOTFOR RETAIL SALE) 488.00 0.38 2016-06-21 Chennai Sea KOREA,REPUBLIC OF
84139190 CARBON SEAMLESS DELIVERY PIPES (SK ST52 DN125*4.5 THK DELIVERY PIPE WITH TWO ENDS 1M) (32 PCS)(SPARE PARTS FOR CONCRETE 76.00 0.04 2016-06-21 Nhava Sheva Sea CHINA
84139190 CARBON SEAMLESS DELIVERY PIPES (SK ST52 DN125*4.5 THK DELIVERY PIPE WITH TWO ENDS 2M)(64 PCS)(SPARE PARTS FOR CONCRETE P 68.00 0.13 2016-06-21 Nhava Sheva Sea CHINA
84139190 CARBON SEAMLESS DELIVERY PIPES (SK ST52 DN125*4.5 THK DELIVERY PIPE WITH TWO ENDS 3M)(480 PCS)(SPARE PARTS FOR CONCRETE 66.00 1.39 2016-06-21 Nhava Sheva Sea CHINA
84139190 CARBON SEAMLESS DELIVERY PIPES (SK ST52 PIPELINE BEND WITH TWO ENDS R1100 30 DEGREE)(16 PCS)(SPARE PARTS FOR CONCRETE PU 124.00 0.02 2016-06-21 Nhava Sheva Sea CHINA
84139190 CARBON SEAMLESS DELIVERY PIPES (SK ST52 PIPELINE BEND WITH TWO ENDS R1100 45 DEGREE) (32 PCS)(SPARE PARTS FOR CONCRETE P 111.00 0.05 2016-06-21 Nhava Sheva Sea CHINA
84139190 CARBON SEAMLESS DELIVERY PIPES (SK ST52 PIPELINE BEND WITH TWO ENDS R1100 90DEGREE) (48 PCS)(SPARE PARTS FOR CONCRETE PU 93.00 0.12 2016-06-21 Nhava Sheva Sea CHINA
84139190 CASING BS-B (LUBRICATION SYSTEM PART) 801.00 0.00 2016-06-21 Bombay Air Cargo GERMANY
84139190 CENTRIPETAL PUMP CHAMBER COVER (S.P.FOR SEPARATOR) 4,210.00 0.01 2016-06-21 Delhi Air Cargo GERMANY
84139190 CHAMBER, LIQUID (PUMP PARTS) (08-5000-03) - 10 PCSPO. NO.51160680 1,392.00 0.11 2016-06-21 Chennai Air Cargo CHINA
84139190 COVER OIL PUMP (1040 SET) (PARTS FOR OIL PUMP) (ACTUAL USER) 593.00 0.19 2016-06-21 Chennai Sea THAILAND
84139190 CYLINDER ASM-RR BRK 09010515 FOR MOTOR VEHICLE (CAPTIVE CONSUMPTION) 518.00 0.09 2016-06-21 Nhava Sheva Sea CHINA
84139190 DELIVERY INSERT 151 FZ/VM (LUBRICATION SYSTEM PART) 1,559.00 0.00 2016-06-21 Bombay Air Cargo GERMANY
84139190 DISCHARGE MANIFOLD (PUMP PARTS) (04-5020-03-42) - 3 PCSPO. NO.51160680 1,769.00 0.02 2016-06-21 Chennai Air Cargo CHINA
84139190 DISK (LUBRICATION SYSTEM PART) 64.00 0.00 2016-06-21 Bombay Air Cargo GERMANY
84139190 DISK 6,7X3, 15X1 PTFE (LUBRICATION SYSTEM PART) 3.00 0.00 2016-06-21 Bombay Air Cargo GERMANY
84139190 DISTRIBUTOR ZP-A/G (LUBRICATION SYSTEM PART) 32,180.00 0.19 2016-06-21 Bombay Air Cargo GERMANY
84139190 DISTRIBUTOR ZV-B (LUBRICATION SYSTEM PART) 3,691.00 0.01 2016-06-21 Bombay Air Cargo GERMANY
Destination Ports forexport to India..Chennai Air Ca…Chennai Air Ca…Chennai Air Ca…Chennai Air Ca…Delhi Air Cargo0.0000.0250.0500.0750.100
PortValues
Chennai Air Cargo0.016
Chennai Air Cargo0.055
Chennai Air Cargo0.094
Chennai Air Cargo0.067
Delhi Air Cargo0.04
Origin Ports for export toIndia..SINGAPORESINGAPORESINGAPORESINGAPORETAIWAN0.0000.0250.0500.0750.100
PortValues
SINGAPORE0.016
SINGAPORE0.055
SINGAPORE0.094
SINGAPORE0.067
TAIWAN0.04
Top import shipmentsBE…BE…BE…BE…BO…34.3%
PortValues
BELLOWS ASSY (PART OF PUMP)(3R22...0.016
BELLOWS ASSY (PART OF PUMP)(3R23...0.055
BELLOWS ASSY (PART OF PUMP)(3R23...0.094
BELLOWS ASSY (PART OF PUMP)(3R24...0.067
BOOSTERS MVBAT20 AVS (SILVER GRA...0.04
View 8413 Products Classification
( BEING A PART OF 13.8.7.2 DEMIN...
( BEING A PART OF 16.8.1.4 WASTE...
HIGH SPEED CENTRIFUGAL PUMP, XCP...
HIGH SPEED CENTRIFUGAL PUMP, XCP...
HIGH SPEED CENTRIFUGAL PUMP, XCP...
BELLOWS ASSY (PART OF PUMP)(3R22...
BELLOWS ASSY (PART OF PUMP)(3R23...
BELLOWS ASSY (PART OF PUMP)(3R23...
BELLOWS ASSY (PART OF PUMP)(3R24...
BOOSTERS MVBAT20 AVS (SILVER GRA...
Values
Coimbatore - Irugur ICD
Coimbatore - Irugur ICD
Coimbatore - Irugur ICD
Values
Values
Chennai Air Cargo
Chennai Air Cargo
Chennai Air Cargo
Chennai Air Cargo
Values