NOTIFICATION NO.04/2014 DT.17.02.2014

[Guest]

we charged Excise Duty for the products falling under CETSH - 84483100,84484920, and 84483220 @12% till march2014, From 1st April'2014 we charged Excise 10% as per notification No.04/2014 till today. My question is that

1)whether i will continue to charge @10% from 1st jan'2015.

2) If the rate has been changed then from which date it will be effect.

[YAGAY andSUN]

Dear Ranjit,

From 1st of January 2015 rate of C.E. Duty is 12.36% inclusive of cess.

Regards,

Neelam Taneja (Executive Consultant)

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

[Mahir S]

Yes sir, for all your chapter sub heading in respect of chapter 84, the rate shall be 12.36% from 01.01.2015.

AI Summary

Excise duty rate change takes effect from start of January, increasing duty inclusive of cess for specified chapter 84 goods. The excise duty rate for the goods specified under the cited CETSH subheadings of chapter 84 is 12.36% inclusive of cess from 01.01.2015, superseding the 10% rate applied from 01.04.2014 (per Notification No.04/2014) and the prior 12% rate charged till March 2014. The revised rate applies to the chapter 84 subheadings referenced by the enquirer for transactions and accounting periods beginning on or after that effective date.