Excise Chap:8515, Notification No.04/2014

[M I Khan]

Excise Duty under Chapter 85, Tariff Item 85153910,85153920,85153990,85159000 NOTIFICATION NO.04/2014 DT.17.02.2014 - Central Excise - -

As per notification No.04/2014 dt.17.02.2014 we supplied goods under chapter heading 85 @10% from 12%. Is notification no.04/2014 dtd.17.02.2014 will be continued from 01.01.2015 or not??? -

[PAWAN KUMAR]

Dear Sir,

No, The rate of duty @10% of goods of chapter 84/85 was applicable up to 31.12.2014. The Board (CBEC) has not further extended the same. Now the rate of duty is 12% from 01.01.2015.

[chetan rachhadiya]

please see the noti.no.6/2014. benefit is available upto 31/12/2014.

http://www.cbec.gov.in/excise/cx-act/notfns-2014/cx-tarr2014/ce06-2014.htm

[DR.MARIAPPAN GOVINDARAJAN]

Yes. Chetan is correct.

[Guest]

Please let us know the Excise Notification No. for Chapter Headings 84213990 and 84219900.

We are charging Excise Duty @ 12.36 % from 1st Jan. 2015.

We need to mention correct Notification No. in our Excise Invoice.

[Guest]

What is the Notification No. we have to mention in the Excise Invoice for above information.

Our Chapter Heading is 84213990 and 84219900.

We are charging Excise Duty @ 12.36% to the customer.

[Mahir S]

Sir,

as you are paying duty at 12.36% , hence no need to mention any notification number.

Instead you may write TARIFF RATE in place of notification number.

AI Summary

Excise duty rate change: concessional lower rate expired; standard tariff now applies and invoices should state tariff rate. The concessional excise rate under Notification No.04/2014 for specified Chapter 85 goods expired on 31.12.2014 and was not extended; the duty reverted to the standard rate from 01.01.2015. For invoicing after the concession, taxpayers charging the standard tariff need not cite the earlier notification number and may record the applicable tariff rate on the excise invoice alongside the chapter/heading classification to justify the duty charged.