TaxTMI 
TaxTMI 
Dear Experts, please give me the current rate of duty for capital goods falling under chapter 84 and 85.
Regards.
Current rate of duty for capital goods under chap 84 & 85
04 Jan 2015 
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Excise duty on capital goods reverted to full statutory rate after non-extension of the concessional duty.
Excise duty on capital goods under Chapters 84 and 85 has reverted to the full tariff rate including statutory cesses, yielding an aggregate rate of 12.36%. A concessional 10% rate had been effective by notification until 31.12.2014; that concession was not extended, so the prior full duty (basic tariff plus cesses) now applies. Suppliers should charge and document the full duty and refer to the tariff schedule and amending notifications for authoritative support. (AI Summary)
Excise duty on capital goods under Chapters 84 and 85 has reverted to the full tariff rate including statutory cesses, yielding an aggregate rate of 12.36%. A concessional 10% rate had been effective by notification until 31.12.2014; that concession was not extended, so the prior full duty (basic tariff plus cesses) now applies. Suppliers should charge and document the full duty and refer to the tariff schedule and amending notifications for authoritative support. (AI Summary)