cement plant excise duty budget

  • MS Series Triaxial Horizontal ScreenMS Series Triaxial Horizontal Screen
  • MZA/K Series Circular Vibrating ScreenMZA/K Series Circular Vibrating Screen
  • Uganda

     · Uganda: Excise duty on cement is set to be doubled in the 2016 – 2017 budget as part of a set of measures designed to increase government expenditure. The excise duty charged on a 50kg bag of cement is to be raised to US$0.29 from US$0.15. Industry commentators in local press have warned that this could raise market prices, depress consumer demand and discourage new investments.

  • Exemption to Ready Mix Concrete

     · So far as concrete mix is concerned, exemption from payment of excise duty is given vide Notification 12/2012-CE dated 01.03.2012 vide Sl. 144, which exempts "Concrete mix manufactured at the site of construction for use in construction work at such site". Thus the exemption notification 12/2012-CE is applicable only to concrete mix, and in ...

  • Cement manufacturers demand uniform excise duty

     · Average tax on cement in the Asia Pacific Region is just 11.4% with the highest levy of 20% being in Sri Lanka. 2) Uniform Rate of Excise Duty on Cement. Currently, different rates of Excise Duty are levied for bagged Cement. The industry has requested a uniform rate of excise duty be levied on cement. 3) Abatement on Excise Duty levied on MRP ...

  • Crushing | Cement Pakistan Company

    Cement Pakistan company is a prominent organization that support the Pakistan''s cement industry. In pursuit of our main objective of developing and supporting Pakistan cement industry, we have an establishment of technical and support staff, including leading authorities from cement industry, environment and engineering.

  • Overview of Cement Industry in India, Cement Industry ...

    Highlights of Union Budget 2012-13: Excise duty rationalised for packaged cement, whether manufactured by mini cement plants or others. Packaged cement, whether manufactured by mini-cement plants or others, attracts differential excise duty depending on the Retail Sale Price per bag.

  • Final project Report on cement industry

     · Over the years a number of tax policy and administrative measures have been introduced to attract investment and facilitate growth of the cement industry. The Government has reduced central excise duty (CED) on cement in the budget for 2011-12 in order to boost construction activity. 5.

  • Budget 2012: Cement prices may surge on hike in excise and ...

    In Budget 2012-13, the graded excise duty structure, based on retail selling price slabs applicable to cement manufactured and cleared in packaged form, has been removed for mini cement plants as well as non-mini cement plants. As per the proposal, excise duty on cement cleared from mini cement plants in packaged form will be 6% along with ...

  • Budget 2012

     · Packaged cement manufactured by mini-cement plants or other – Unified rate of 12 per cent + `120 PMT for non-mini cement plants and 6 per cent + `120 PMT for mini-cement plants as compared to differential excise duty depending on the Retail Sale Price per bag . It is proposed to charge this duty on the Retail Sale Price less abatement of 30 ...

  • Indian Union Budget 2007-08: Cement Sector Post Budget ...

    Budget 2004-05: Budget 2005-06: Budget 2006-07: Excise duty on cement hiked by Rs 50 to Rs 400 per tonne. The FM has also emphasized a great deal on completion of various irrigation projects and the development of a multinational standard port in Kochi. Additional 2% education cess on all direct and indirect tax.

  • TIOL

    Multiplicity of the tax rate is difficult to administer and leads to duty evasion. MRP based duty and Abatement on valuation: Presently, packaged cement of MRP of Rs 3800 to 5000 per tonne, produced by mini plant beyond 99000 tonne or produced by plants other than mini plants attracts excise duty @ 12% ad valorem on MRP without any abatement.

  • Tariff Changes | Sri Lanka Customs

    Chapter 17 Sugars and sugar confectionery.pdf. Chapter 18 Cocoa and cocoa preparations.pdf. Chapter 19 Preparations of cereals, flour, starch or milk; pastrycooks'' products.pdf. Chapter 20 Preparations of vegetables, fruit, nuts or other parts of plants.pdf. Chapter 21 Miscellaneous edible preparations.pdf.

  • News

    India: The Union Budget for 2012-13 has divided the cement industry on the likely impact of its new measures.An increase in excise and service tax is expected to increase the price for consumers, whilst an expected demand increase for cement will be driven by housing and infrastructure development.

  • Cement Industry | Economic Pakistan

     · The Government has reduced central excise duty (CED) on cement in the budget for 2007-08 in order to boost construction activity. Average industry cost of cement bag/50Kg = Rs.193. Average industry price of cement bag/50Kg = Rs.235 Domestic Demand . Local demand in the country for the year 2008-09 is expected to be around 20 million tons.

  • Pre Budget Expectations Cement Industry

    Ministry with regards their budget expectations: 1. Relief in excise duty rates: This has been a regular submission by the cement industry to the Government in every recent budget and these requests have consistently been turned down by the Finance Minister as it is not a revenue accretive request.

  • Budget 2010-11: Major Amendment in Central Excise Duty

     · Budget 2010-11: Major Amendment in Central Excise Duty. Note: Changes come into effect immediately unless otherwise specified. The standard rate of excise duty of 8% on non-petroleum products is being increased to 10% with a few exceptions where exemptions/concessions have been given. Consequent to enhancement of the standard rate of duty from ...

  • excise duty mini cement plant exemption

    excise duty mini cement plant exemption, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA ...

  • Bestway Cement to set up greenfield cement plant in Punjab ...

     · Bestway Cement Ltd has informed the Pakistan Stock Exchange on 27 May that it is setting up a greenfield cement plant with a clinker capacity of 7200tpd, near Paikhel, Mianwali, Punjab province. Company Secretary, Sehar Husain, added that the plant would have a 9MW waste heat recovery plant built by Sinoma International Engineering Co Ltd of China.


    25.1 The graded excise duty structure based on RSP slabs applicable to cement manufactured and cleared in packaged form is being removed for both mini-cement plants and non-mini cement plants. The excise duty rates on such cement as well as cement cleared other than in packaged form is also being revised [S. No. 51 and 52 of

  • Updated Central Excise Tariff & Excise Duty for the Year ...

     · Central Excise Tariff & Central Excise Duty of 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007 and 2006. Information Valid and Updated till 27 Jun 2021. Last Update Made 02 nd February, 2017. Free Search and Find Online Central Excise Duty. New Central Excise Tariff with Tariff Heading Codes.


    Further tax at 3% is chargeable on all supplies made to unregistered persons under section 3 (1A) of the Sales Tax Act, 1990. Similarly, under SRO 509(I)/2013 dated 12.06.2013, 5% extra tax is chargeable on electricity and gas bills from all unregistered industrial and commercial consumers whose monthly bill exceeds Rs. 15,000.

  • Cement producers start inspection of sales, export: Tax ...

     · The reduction in excise duty left total impact of Rs14.75 per bag. Consumers are still paying tax to the tune of Rs65 per bag," the chairman said. He denies that cement …

  • Cement-makers ask PTI govt to cut taxes

     · Before the budget, the cement manufacturers wanted to increase prices by Rs100 per bag but the government promised to cut the federal excise duty …


     · In every budget it is used to increase the rate of excise duty or reduce the rate of excise duty or give exemption to some goods from excise duty or add some goods for the levy of excise duty. The present budget is also not an exemption to this. ... Other than mini cement plant:


    Investment linked income tax exemption and other indirect benefits to foreign companies investing in solar, EVs, batteries, etc; Lower the GST from 12% to 5% on electric vehicles. Additional income deduction of 1.5 lakh on the interest paid on loans taken to purchase EVs; Hike in excise duty and imposition of cess on petrol/diesel

  • Union Budget 2015: Excise duty on cement raised by Rs 100 ...

     · NEW DELHI: The government has increased the excise duty on cement by Rs 100 per tonne to Rs 1,000 per tonne. "Tariff rate of excise duty in goods falling under Chapter sub-heading 2523 29 is being increased from Rs 900 per tonne to 1,000 per tonne," Finance Minister Arun Jaitley said in his Budget speech. Domestic cement makers said this is the upper limit of the excise duty that can be …

  • 28 February 2007 Union Budget 2007-08

    Cement scrips crumble on differential excise duty Another major irritant was for the Cement sector. The Union Budget 2007-08 has introduced differential excise duty based on the retail price. If the Maximum Retail Price (MRP) is upto Rs 190 per 50 kg bag, then the excise duty on cement (of large

  • Pakistan: APCMA calls for federal exise duty reduction

     · The All Pakistan Cement Manufacturers Association (APCMA), in its budget proposal, has recommended a reduction in federal excise duty (FED) to be stepped to zero to alleviate the cost pressure on locally-manufactured cement, which is facing competition from Iranian imports.

  • Budget 2012: Cement Industry wishlist

     · Budget 2012: Cement Industry wishlist. Search. ... Machinery,Equipment etc. required for setting up of a Solar Power Plant, from levy of Excise Duty and Basic Custom Duty …

  • India New Budget 2010

    Corresponding changes have been made to increase the rates of duty applicable to cement manufactured by mini-cement plants too. The details are available in notification 0/2010-Central Excise dated 27.2.2010. 3.3 Excise duty on cement clinker has been increased from Rs.300 per metric tonne to Rs.375 per metric tonne.

  • Budget Wishlist | Reduce taxation and make construction ...

     · For cement where MRP is > Rs190 and < Rs250 per bag, the government introduced an excise duty of 12%. For cement where MRP is < Rs190 specific rate of excise duty of Rs350 per tonne and where MRP ...

  • Budget 2012

     · 3.1 The standard rate of Central Excise duty for non-petroleum products has been enhanced from 10% to 12% ad valorem. The merit rate of excise duty for non-petroleum goods that hitherto attracted 5% has been increased to 6%. Similarly, the rate of duty of 1% imposed on 130 items in the last Budget has been increased to 2%.


    Cement: 3.6 The rate structure applicable to Portland cement falling under heading no.252329 has been revised. Both for packaged cement manufactured by mini-cement plants as well as non-mini cement plants, there were differential rates of duty depending on the Retail Sale Price (RSP) per bag of …

  • Budget: Indian Cement sector seeks duty sops

     · Reduction in excise duty on cement. As against the complex excise structure currently prevailing (see table current duty structure), the cement industry wants a uniform rate of excise duty to be levied on cement. Besides, the industry also expects an abatement of 55% for cement in line with the suggestion made by NCAER.

Free Consult  or  Leave Message

Copyright © ANC | Sitemap