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of <h1>New Commodity Transaction Tax Rates: 0.017% on Sales, 0.125% on Exercised Options per Finance Bill 2008</h1> A commodities transaction tax is imposed on specified taxable commodities transactions from the commencement of the relevant chapter in the Finance Bill, 2008. The tax rates are detailed in a table: a 0.017% tax is levied on the sale of an option in goods or commodity derivatives, payable by the seller; a 0.125% tax applies when such an option is exercised, payable by the purchaser; and a 0.017% tax is charged on the sale of other commodity derivatives, payable by the seller.
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