Respected Sir,
As regarding above subject, one of my clients is manufacturing goods deriving cetsh no.68042220 and 68109990 as u know that the FM has announced budget 2015 on 28-02-15 and he has declared duty from 12% to 12.5% as 12% was on above mentioned goods till 27-02-15 then from 01-03-15 it will be 12.36% or 12.5%.Please inform as soon as possible.
THANKING U
Clarification sought on excise duty rate change for goods under classifications 68042220 and 68109990 post-2015 budget. A query was raised regarding the change in excise duty rates following the 2015 budget announcement. A client is manufacturing goods under classification numbers 68042220 and 68109990. The Finance Minister announced on February 28, 2015, that the duty rate would increase from 12% to 12.5%. The inquiry seeks clarification on whether the new rate effective from March 1, 2015, is 12.36% or 12.5%, requesting prompt confirmation. (AI Summary)
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