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of <h1>Commodities Transaction Tax Rates Under Finance Act 2008: 0.017% for Sellers, 0.125% if Option Exercised</h1> Section 104 of the Finance Act, 2008, imposes a commodities transaction tax on specified taxable commodities transactions. The tax is levied at different rates depending on the nature of the transaction. For the sale of an option in goods or a commodity derivative, the seller is charged 0.017 percent. If the option is exercised, the purchaser pays 0.125 percent. For the sale of any other commodity derivative, the seller is again charged 0.017 percent. The tax is payable by the party specified in the corresponding entry in the table provided.
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