(a) whether the Kerala State Bamboo Corporation Ltd.
has approached the Union Government for exemption
of central excise duty on Bamboo products;and
(b) if so,the reaction of the union Government thereto?
(a) whether the Kerala State Bamboo Corporation Ltd.
has approached the Union Government for exemption
of central excise duty on Bamboo products;and
(b) if so,the reaction of the union Government thereto?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI S.S.PALANIMANICKAM)
(a) Yes Sir,Government has received a request from the
Government of Kerala to exempt Central Excise duty on
certain items such as Bamboo board,incense sticks,
toothpicks,bamboo blinds and waste briquettes manufactured
by Kerala State Bamboo Corporation Ltd.
(b) Government has already exempted excise duty on
Bambooply (Resin bonded Bamboomat board) in response
to an earlier request from the Government of Kerala
on behalf of Kerala State Bamboo Corporation Ltd.
Incense sticks are also fully exempted from excise
duty.As regards the remaining products,w.e.f.
712.2008 Government has effected a 4% reduction
in the ad valorem excise duty rates on all manufactured
goods. This will result in reduction in excise duty incidence
on the excisable products manufactured by Kerala State Bamboo
Corporation Ltd and serve as a measure of relief.No further
reduction in excise duty rates on these items is under
consideration of the Government at present.