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(ii) a cement plant manufacturing white cement or other varities of cement, the price of which is not controller by the Cement Control Order, 1967; (iii) a cement plant manufacturing cement commonly known as :- (a) "SAGOL" obtained by heating lime stone by burnt coal; (b) Ashmoh obtained by fine grinding of paddy hush ash and hydrated lime
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Hence mini cement plants based on Vertical shaft Kiln technology, suiting the small deposits of limestone are becoming popular. Also they create less environment pollution. Against the requirement of 3900 rupees per tonne of capacity of large plants, capital costs for mini-cement plants come to about 1600 to 1900 per tonne.
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25.3 Excise duty on ordinary Portland cement, falling under sub-heading No. 2502.29 and manufactured by mini cement plants has been increased from Rs.200 to Rs.250 per metric tonne. (refer S.No.19 of notification No.6/2002-Central Excise, dated 01.03.2002, as amended by notification No. 6/2003-Central Excise, dated 01.03.2003).
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Capital goods sector, which asked for redressal of inverted duty structure as well as removal of 0% import duty of project imports/ capital goods has disappointed with the Budget ignoring its demands. To its disappointment, the budget has extended 0% customs duty for some more project imports and equipments. ... Excise Duty (%) Customs+ CVD ...
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1B . 2523 29 All goods, manufactured in a mini cement plant, other than those cleared in packaged form; Rs.250 per tonne 1C . 2523 29 All goods, whether or not manufactured in a mini cement ... Central Excise Recovery of interest in case of duty evaded by fraud prior to 11.05.2001 - Since old section 11AB (1) has been substituted without a ...
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for mini-cement plants come to about Rs. 1,400 to Rs. 1,600 per tonne (ICRA 2006). ... and, duties on power tariff. The excise duty rates on cement are on specific basis, as against ad valorem rates on most products. The cement industry is energy intensive and thus power costs form the most critical cost component in cement manufacturing, of ...
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The price of a 50kg bag of cement ranges between Rs 280 and Rs 300. The changes will come into effect from Saturday. Makers said the altering of methodology to levy excise duties on cement plus an increase in base excise duty rate from 10% to 12% necessitated the increase. The cement industry was taxed at 10% on invoice price earlier.
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3.2 Consequent to enhancement of the standard rate, the rates of duty on cement have also been revised upwards suitably. In the case of packaged cement manufactured by units other than mini-cement plants, excise duty has been increased from 8% to 10% for cement of declared retail sale price exceeding Rs. 190 per 50 kg bag or Rs. 3800 per tonne.
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The cement firms assured that if the government allows an excise duty cut on the commodity, it will benefit the consumers. The industry will then pass on the total benefits to the consumers. Presently, the average excise on cement is around Rs 550 a tonne (a little less than Rs 30 on a 50kg bag).
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The duty rates on cement and cement clinkers revised as follows: Description Revised rate of duty 1. Cement manufactured and cleared in packaged form:- (a)from mini cement plants 6% + Rs.120 per tonne (b)from other than mini cement plants 12% + Rs.120 per tonne 2. Cement cleared other than in packaged form. 12% 3.
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Excise duty has been revised on bulk cement from Rs.400 per tonne to " 14% or Rs. 400 per tonne, whichever is higher". However, there is no change in the rates of duty applicable to cement manufactured and cleared in bulk by mini-cement plants. 9.2 Excise duty has been increased on cement clinkers from Rs.350 per tonne to Rs.450 per tonne.
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Today, 70% of the cement movement worldwide is by sea compared to 1% in India. However, the scenario is changing with most of the big players like L&T, ACC and Grasim having set up their bulk terminals. Budget 2006-2007: Cement Budget Measures Customs duty on cement reduced from 15% to 12.5% in line with the reduction in peak customs duty.
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(ii) other than from a mini cement plant No change 12%+Rs.120 PMT 12.50%+Rs.1 25 PMT 1-Mar-15 12/2015 dt.01.03.15 Excise Duty increased by 0.5% along with duty rate increase from Rs.120 per PMT to Rs.125 per PMT 2523 29 All goods, whether or not manufactured in a mini cement plant, other than those cleared in packaged form: Provided that where
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(v) Mini cement plants will be allowed a rebate in the payment of excise duty upto 50 per cent for a period of five years. (vii) Mini cement plants set up in hilly and remote areas will be eligible for additional excise duty relief and/or cash subsidy on merits.
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The excise duty rates on cement are on specific basis. The structure of the industry can be viewed as fragmented, although the concentration at the top has increased, as the top 10 players control around 73% of market share, which was 70% during 1990-91, whereas the other 27% of market share is distributed among 32 players.
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There are 365 mini and white cement plants having its installed capacity of 12 million tones. ... entry tax, excise duty also contributed to the slow development of the concept.
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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
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excise duty mini cement plant exemption Income Tax Act, 1961 Income Tax Rules, 1962 Notifications Circulars Forms Compute Income Tax Income Tax Case Laws Case Laws - Section Wise Rules, Regulations (DT) Income computation & disclosure standards DTAA Benami Property Benami Property - Act Benami Property - Rules Money Laundering PMLA - Acts & Rules
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There are 206 mini cement plants in operation, which produced about 6 mn.t. cement in 2005-06. 19. The technology used by mini cement plants is obsolete and non- competitive. The mini cement plants are availing the benefit of a concessional excise duty of 250/- per tonne as against Rs. 400 per tonne applicable for large plants. 20.
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6. Ohuhu Greenhouse. In rain, wind, or snow, your plants will thrive inside the Ohuhu Greenhouse. The Ohuhu 55.5 x 56.3 x 76.8-inch walk-in greenhouse has 12 wire shelves and as it has a large 3-tiered internal space, there is plenty of room for flower seedlings, herbs, or young vegetable plants in pots.
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Table 6: EXCISE DUTY ON CEMENT AS PER BUDGET 2011-12 EXCISE DUTY (Rs. per tonne) Retail • Price below Rs.190 per 50 kg bag • Price above Rs.190 per 50 kg bag • Bulk PRE BUDGET POST BUDGET ... It has been seen in the past, as well, that mini cement plants with low brand value and image are not able to survive against the cement giants ...
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Rationalization measures• Excise duty rationalised for packaged cement, whether manufactured by mini-cement plants or others. • Levy of excise duty of 1 per cent on branded precious metal jewellery to be extended to include unbranded jewellery. Operations simplified and measures taken to minimise impact on small artisans and goldsmiths.
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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. B. CEMENT Consequent to enhancement of the standard rate of duty from 8% to 10%, the specific rates of duty on cement and cement clinker is also being revised upwards as follows:
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The three major ad valorem rates of Central Excise duty viz. 14%, 12% and 8% applicable to non-petroleum products have been reduced by 4 percentage points each. The revised rates will be 10%, 8% and 4% respectively. Cars, other than small cars, attract composite rates - that are a combination of specific and ad valorem rates.
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installed capacity of 148.28 million tonnes and more than 300 mini cement plants with an estimated capacity of 11.10 million tonnes per annum. • Presently 93 per cent of the total capacity in the industry is based on modern and environment-friendly dry process technology and only 7 per cent of the capacity is based on old wet and semi-dry process
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25.2 Mini cement plants 25.2.1 Excise duty has been reduced from Rs.250 per metric tonne to Rs.220 per metric tonne for cement of declared retail sale price not exceeding Rs.190 per 50 Kg. bag or per metric tonne retail sale price equivalent not exceeding Rs.3800.
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Coaches, buses and mini-buses, of a seating Capacity not exceeding 21 persons (including the driver), completely knocked down for assembly in plants approved for the purpose by the Competent Authority : 5% . 96 : 8702.10.20 . 00 : Other coaches, buses and mini-buses, of a seating capacity not exceeding 21 persons (including the driver) 5% : 97 ...
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Budget 2003-04: Budget 2004-05: Budget 2005-06: Excise duty on cement hiked by Rs 50 to Rs 400 per tonne. Major announcements on the infrastructure side including roadways, airports and convention ...
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limits for mini cement Companies from 1,98,000 MT (600 TPD) and 2,20,000 MT to 2,97,000 MT (900 TPD) and 3,00.000 MT respectively. - The Company is the first mini cement plant to install ESP & CT for abatement of pollution in Unit I and Unit Il. - Kakatiya Cements Ltd, a Hyderabad-based mini cement company has
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the MRP exceeds Rs 190 per 50 kg bag, then the excise duty on cement (of large players) stands increased from Rs 400 per tonne hitherto to Rs 600 per metric tonne. Similar change has been made for mini cement plants. For MRP of upto Rs 190 per 50 kg bag, the excise duty on cement from mini cement plants stands reduced from Rs 250 per tonne to ...
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its structure better. Firstly, it is a combination of mini (more than 300 units) and large capacity cement plants, where majority of the production of cement (94%) in the country is by large plants. The conventional method of cement manufacturing used by large plants (Rotary Kiln) needs high capacity, huge deposits of lime stone in its
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Today in 2021 the Indian cement industry stands tall at a capacity ~545 MnT. The Future A few states such as Andhra Pradesh, Gujarat, Rajasthan and Karnataka are becoming the key suppliers of cement, given the high quantum of Limestone Reserves. The future of the industry is promising with demand expected to touch ~500 MnT in 2025.
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The 330 MT industry grew by 6.4 per cent in 2011-12 as against less than 5 per cent in 2010-11. The industry sold 223.02 MT of the building material, compared with 209.5 MT in FY11. The cement production, too, rose to 223.6 MT against 210.5 MT in FY11.
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Cement plant at Nimbahera in Rajasthan, and manufacturing white cement. 8. Holcim:--- ... Excise structure 4. Exemption limit of income tax on housing loans 5. Service tax on the railway freight ... The establishment of mini plants. 2. Govt. has launched schemes of allowing the cement industry or factories to purchase own wagons. 3. Cement ...
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BZ Description of Goods Rate of Excise Duty 25.23 Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers 16 2523.29.10 00 Building Cement (grey) 5% 22.08 Un-denatured ethyl alcohol of an alcoholic strength by volume or less than 8O% Vol;
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mounted dry cement boom pump manufacturer 37m mini 247kw 29000kg the 10 best quiet hotels in tokyo mini cement plant soil compaction and stabilitying plant. This Figure Skating Performance On "Nagada Sang Dhol" Will. This Figure Skating Performance On "Nagada Sang Dhol" Will Give You Life. Deepika and Ranveer, take a chair, sit down and watch this.
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Cement is a basic commodity required to play an important role in the development of the country, is subject to very high taxes including Federal Excise Duty of Rs. 1,500/- per ton equivalent to Rs. 75/- per bag. Government must abolish Federal Excise Duty as this is not a luxury product.
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Besides this, India has 115 big cement plants and around 300 small cement plants. The big cement plants have installed capacity of 148.28 million tonnes per annum whereas the mini cement plants have the total capacity of 11.10 million tonnes per annum. Cement demand is going to touch 550-600 million tonnes per annum by 2025. Read More
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38.1 A tariff rate of 5% excise duty is being prescribed on Ready-mix concrete (RMC). However these goods would attract the concessional 1% duty without CENVAT credit facility. (S. No.46 of notification /2011-Central Excise, dated 1st March, 2011 refers) Chapter 39
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