NOTIFICATION NO.04/2014 DT.17.02.2014

[Guest]

As per notification No.04/2014 dt.17.02.2014 we supplied goods under chapter heading 84 @10% from 12%. Is notification no.04/2014 dtd.17.02.2014 will be continued from 01.01.2015 or not???

[Guest]

Yes. From 01.01.2015 onwards the rate of Excise Duty for the products falling under CETSH - 84 and 85 will be 12%.

[Guest]

what will be the rate of duty 12% or 10%.

[RAMNIRANJAN KANDOI]

As CBEC has not extended the date for continuing 10% after 31.12.2014 and hence one has to pay 12% for any removal from 01.01.2015

[PAWAN KUMAR]

Dear Sir,

Now the rate of duty is 12.36% on goods of chapter 84/85. Earlier it was 10.30% up to 31.12.2014. No extension has granted till date by the CBEC.

AI Summary

Excise duty rate change for specified machinery and related goods took effect without extension of the reduced rate. The temporary reduced excise rate for goods under Chapter 84 and Chapter 85 was not extended beyond its expiry under Notification No.04/2014; consequently, removals after that expiry must be charged and accounted for at the restored standard excise rate, and taxpayers should apply the higher rate for compliance on post-expiry removals.