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??? -

AI Summary

Reduced Excise Duty Rate for Chapter 85 Goods Reverts to 12% After Expiry of Notification No. 04/2014 A query was raised regarding the continuation of a reduced excise duty rate of 10% for goods under Chapter 85, as per Notification No. 04/2014, which was applicable until December 31, 2014. Responses clarified that the rate reverted to 12% from January 1, 2015, as the Central Board of Excise and Customs did not extend the reduced rate. Additional replies discussed the correct notification numbers for different chapter headings and advised that if the duty rate is 12.36%, it is unnecessary to specify a notification number, suggesting instead to use 'TARIFF RATE' on invoices.