(%Advl.)

i)  $  In Interim Budget 2009-10, general rate of CENVAT is reduced from 10% to 8%, as a result CENVAT on Textile Machinery in general is reduced from 10% to 8%. 

ii)  In Budget 2010-11, general rate of excise duty has been increased from 8% to 10%, barring few exceptions.  

iii)  In Budget 2011-12, the lower rate of central excise duty enhanced from 4% to 5%.

iv) In Budget 2011-12, uniform 10% mandatory excise duty has been imposed on branded RMG & Madeups. 

v) In Budget 2012-13, standard rate excise duty has been increased from 10% to 12% and merit rate has been increased from 5% to 6%.

vi) All handmade carpets and carpets & other textile floor coverings of coir and jute, whether or not handmade, falling under Chapter 57, arebeing fully exempted from excise duty. 

vii) Zero excise duty route, as existed prior to Budget 2011-12, is being restored on readymade garments and made ups.  The zero excise duty route will now be available in addition to the CENVAT route under which manufacturers can pay excise duty on the final products and avail of credit of duty paid on inputs.