Changes in Central Excise in interim Budget 2014-15
Duty has been reduced on items falling under Chapter 84 and Chapter 85 from 12 % to 10%. Chapter 84 covers Machinery, Mechanical appliances and part thereof and Chapter 85 covers Electrical/Electronics machinery and equipment. The rates are effective from February 17, 2014 itself. This rate is applicable upto 30.6.2014.
Duty on mobile handsets has been reduced. The rate with Cenvat credit will be 6% and without credit will be 1%.
Duty on small cars, motor cycles, scooter, commercial vehicles, trailers, SUV, large, mid- sized cars, hybrid motor vehicles and hydrogen vehicles.