Discs, Tapes, Smart cards etc, exempted from excise
THE Government has exempted Discs, tapes, solid state non volatile storage devices, smart cards etc, fitted inside the CPU of a computer from the whole of the excise duty and those fitted inside a computer will attract 4% duty. Earlier this concession was available to solid state non volatile storage devices falling under 8523 51 00. Now it is extended to all storage devices in 8523. Notification No. 6/2006 dated 1.3.2006 is amended.
Notification No. , Dated: September 28, 2010