Budget Bloomers

By Vijay Kumar

PARA 21.2 of the Central Excise Explanatory Notes to the Budget reads as, “21.2: A Tariff rate of 5% has been prescribed for the tariff items falling under tariff heading 2105 00 00 , 2106 90 92 while keeping the effective rate at 1% with Cenvat credit”. Maybe what they mean is without CENVAT Credit facility.

Para 58.1 reads as, “58.1 A tariff rate of 5% excise duty is being prescribed on all goods falling under heading 5805 and 5807 However these goods would attract a concessional rate of 1% without Cenvat credit facility.(S. Nos.73 and 74 of notification No./2011 -Central Excise refers) ” They forgot to put the Notification Number here.

Certainly small mistakes – but certainly avoidable!