Change in the notification no.08/2003

[MEHUL ASHAR]

Respected Sir,

As regarding above subject,I want to know that is there any change regarding the noti.no.08/2003 of central excise tariff as one of my clients is taking the benefit of exemption of 1.5 crore as at present the no. was 08/2003 but regarding the budget on 10-07-2014 is there any change in the notification no.Please reply.

THANKING U

AI Summary

No Change in Central Excise Notification 08/2003, But SSI Units Must Pay Duty Monthly Post-Threshold. A query was raised about any changes to the Central Excise notification no. 08/2003 following the budget announcement on July 10, 2014, as a client was benefiting from a 1.5 crore exemption. Respondents clarified that there was no change in the notification text or number. However, it was noted that Small Scale Industry (SSI) units must now deposit Central Excise Duty monthly instead of quarterly after surpassing the threshold limit.