change in the excise rate-cut

[MEHUL ASHAR]

Respected Sir,

As regarding above subject as u know that FM has announced finance budget-2014-15 on 10-07-2014 as one of my clients is manufacturing goods deriving cetsh no.68042220 then from 11-07-2014 he has to charge 12.36% or else.Please reply.

THANKING U.

[Mahir S]

No change in excise duty for chapter heading 68.

[MEHUL ASHAR]

THANK U SIR U SOLVED MY CONFUSION

AI Summary

Excise duty unchanged for the relevant chapter - manufacturers need not alter duty rates for affected goods.
Query whether a post budget excise rate applies to goods under tariff entry 68042220; the advisory response states there is no change in excise duty for the chapter covering these goods, so manufacturers need not alter the excise rate charged.