TaxTMI 
TaxTMI 
TaxTMI 
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???
NOTIFICATION NO.04/2014 DT.17.02.2014
ranjit kunar
Excise Duty Rates for Goods Under Chapter 84 Reverted to 12% from 10% as of 01.01.2015, per Notification No. 04/2014. A discussion on a forum addresses the change in excise duty rates for goods under chapter heading 84, as per Notification No. 04/2014 dated 17.02.2014. The initial rate was reduced to 10% but reverted to 12% from 01.01.2015, as no extension was granted by the Central Board of Excise and Customs (CBEC). The last reply clarifies that the current duty rate is 12.36% for goods under chapters 84 and 85, confirming the absence of an extension for the reduced rate beyond 31.12.2014. (AI Summary)