JAYESH SANGHRAJKA & CO. LLP CHARTERED ACCOUNTANTS ENTRY TAX PROVISIONS In the previous update we were acquainted about filing the entry tax returns and assessment. In today’s update, we shall learn about Rates of Entry Tax. NOTIFICATION NO. “FD 11 CET 2002”, dated 30THMarch, 2002 PROVIDES FOR THE RATES OF ENTRY TAX ON GOODS: This notification is effective from the 1st of April, 2002. The rates of entry tax have been stated in the table given below, for the entry of goods into the local area, for the purpose of consumption, used or sale therein. SL. NO. COMMODITY RATE OF TAX 1 Crude oil 2% 2 Petrol 5% 3 Diesel 5% 4 Super Light Diesel Oil 5% 5 Furnace oil 5% 6 Naphtha other than for use in manufacture of fertilizers 5% 7 Low Sulphur Heavy Stock 5% 8 Rectified Spirit, Neutral Spirit, Ethyl Alcohol 4% 9 Petroleum products: that is to say: o Lubricating oil, o Transformer oil, o Brake fluid or Clutch fluid, o Bitumen (asphalt), o Tar and others (Excluding Liquefied Petroleum Gas (LPG), Aviation Fuel and 5% Kerosene) 10 Sugar other than levy sugar , confectionary and the like 11 Textiles, namely, cotton, woollen or silk or artificial silk including rayonor nylon and other man‐made or synthetic 1% 405‐407, Hind Rajasthan Centre, D.S. Phalke Rd, Dadar (C. Rly.), Mumbai 400014, Maharashtra : [email protected] / : 40774600 (18 Lines) Website: www.jsandco.in/www.batgach.com Branches at Kanjurmarg & Vashi JAYESH SANGHRAJKA & CO. LLP CHARTERED ACCOUNTANTS fabrics manufactured in mills or power looms and hosiery cloth in length; and including fabrics coated with or impregnated with PVC or cellulose derivatives (whether or not manufactured in mills or power looms). 12 1% Tobacco products of all descriptions including cigarettes, cigars, Cheroots, zarda, Quimam, etc., but excluding Snuff. 4% 13 Gutkha 4% 14 Beedies 1% 15 Diesel Captive Generation Sets 4% 16 Machinery (all kinds) and parts and accessories thereof but excluding agricultural machinery 17 Films (all kinds) including x‐ray films and Photographic paper 18 Lifts, elevators and escalators (whether operated by electricity or hydraulic power) and parts and accessories thereof 19 2% 5% 5% Raw Materials and inputs, which are used in the manufacture of Tobacco Products and Liquor. 1% NOTE: 1. Entry tax shall not be levied by a dealer, on the goods specified in serial number 10, 11, 16, 17 and 18 in the table above, when brought into a local area for consumption or use as raw materials/ component parts/ inputs, in the manufacture of an intermediate/ finished product (but excluding when brought for use in the manufacture of tobacco products and liquor). 2. If any of the goods specified in serial numbers 1 to 18 in the above table, are brought into a local area for use/ consumption/ raw material/ inputs, in the manufacture of tobacco products and liquor, the tax liveable and collectable on such goods shall be at the rate specified in such “serial numbers only”. 405‐407, Hind Rajasthan Centre, D.S. Phalke Rd, Dadar (C. Rly.), Mumbai 400014, Maharashtra : [email protected] / : 40774600 (18 Lines) Website: www.jsandco.in/www.batgach.com Branches at Kanjurmarg & Vashi
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