RATE OF EXCISE DUTY ON CETSH NO.85389000

[MEHUL ASHAR]

Respected Sir,

                     As regarding above subject, One of my clients is a manufacturer of the goods falling under cetsh no.85389000, as u know that the interim budget announced dated 17-02-14 , the rate of duty on cetsh no.85389000 was reduced from 12 percent 2 10 percent till 30-06-14 but recently  I read in the papers that FM has extended the relief of reduction till 31-12-2014 , then the question arises that from 01-07-2014 my client has to charge 10 percent or not.Please reply.

THANKING U
 

[Arun Kumar Singh]

The duty of excise for this chapter heading will be continue at the rate of 10 percent till 31.12.2014. 

[YAGAY andSUN]

Dear Mehul,

The concessional Excise duty cut for above mentioned goods was set to expire on June 30, 2014, will now be available till December 31, 2014.

This is for your kind information.

Regards

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

[MEHUL ASHAR]

THANK U FOR SOLUTION GIVEN BY U.IT PROVED HELPFUL 2 ME

AI Summary

Excise Duty on Goods Under CETSH No. 85389000 Reduced to 10% Until December 31, 2014 A discussion on the rate of excise duty for goods under CETSH No. 85389000 reveals that the interim budget reduced the duty from 12% to 10% until June 30, 2014. A client was uncertain if the reduced rate would continue beyond this date. Responses clarified that the reduction was extended until December 31, 2014. This information was confirmed by two respondents, ensuring the client could continue charging the 10% rate until the end of the year. The client expressed gratitude for the clarification provided.