Parts of Computers CVD Exemption only for Manufacture
The concessional excise duty (and hence, CVD) of 6% on Hard disk, CD ROM drive, DVD drive or writer, Combo drive, flash memory, microprocessors has been restricted only to actual users for manufacture of computer (PCs/desktops) falling under heading 8471. S.No.255/2012-Central Excise, dated 17.03.2012 as amended by notification No.24/2015-Central Excise, dated 30.04.2015 refers.
[Central Excise Notification No. 24 dated 30th April 2015]
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E), dated the 17th March, 2012, namely:-
In the said notification, in the Table,-
(i) Sl.No. 133 and the entries relating thereto shall be omitted;
(ii) against Sl.No. 255, -
(a) in column (3), for the words and figures “The following goods, namely:-”, the words and figures “The following goods for use in manufacture of computer falling under the heading 8471, namely:-” shall be substituted;
(b) for the entry in column (5), the entry “2” shall be substituted.
[F. No. 334/5/2015-TRU]