implementation of excise duty after 28-02-14

[MEHUL ASHAR]

Respected Sir,

                         As regarding above subject,as u know that the election has been announced & the budget will be declared on 28-02-14, if there is any change in the duty will it be implemented on 01-03-2014 or it will be implemented after the new budget in JULY-2014.Please reply.

THANKING U

[SHIVKUMAR SHARMA]

Mr.Mehul

Why you Worried for 28/02/2014 on today.you must have wait for the 28/02/2014.Finanace Minister will not be declared budget on 28/02/2014.Budget will be present by new  government.

[YAGAY and SUN]

Existing Government would annouce the interim budget and the new elected Government would present the Final Budget.

AI Summary

Excise duty implementation depends on budget presentation; interim versus final budget determines when duty changes take effect. Excise duty implementation follows the operative budgetary declaration: interim budgets by the incumbent generally preserve temporary arrangements, while substantive or permanent duty changes are introduced by the incoming government's final budget, which provides the authoritative vehicle and effective date for such alterations.