EXCISE RATE ON CAPITAL GOODS

[Asked by Guest]

What is the excise rate on capital goods?????

[PAWAN KUMAR]

Dear Sir,

The excise duty rate is 10% with Ed.cess 2% and S.H.Cess 1% on all capital goods bearing tariff heading 84 and 85 up to 31.12.2014.

Dear pawan

Can you please provide me the page no

[Madhukar N Hiregange]

All goods are not at concessional rate. Please see the central excise tariff in this web site for clarity.

[PAWAN KUMAR]

Dear Sir,

Please check the notification No.12/2012-C.E. dated 17.03.2012 S.No.345 and 346 added by notification No.04/2014-C.E.Dated 17.02.2014 for details.

AI Summary

Excise rate on capital goods applies with specified education and higher cesses for tariff headings 84 and 85 until 2014.
Excise rate on capital goods applies with a basic duty and accompanying education and secondary/higher education cesses to goods under tariff headings 84 and 85 for a limited period; eligibility is governed by specific tariff entries and amending notifications (No.12/2012-C.E. and No.04/2014-C.E.D.), and not all capital goods qualify for the concessional treatment.