Current rate of duty for capital goods under chap 84 & 85
Dear Experts, please give me the current rate of duty for capital goods falling under chapter 84 and 85.
Regards.
Duty Rate for Capital Goods Under Chapters 84 & 85 Increased to 12.36% After December 31, 2014 An individual inquired about the current duty rate for capital goods under chapters 84 and 85. An expert responded that the rate is now 12.36%, having increased from 10.30% as of December 31, 2014. Another participant expressed difficulty finding this updated rate online and sought proof for customers. The expert clarified that the rate was initially reduced by a CBEC notification but reverted to 12.36% after December 31, 2014, as the reduction was not extended. Participants thanked the expert for the clarification. (AI Summary)
Central Excise