excise duty for chapter 8424

[Guest]

Excise duty for chapter 8224 has been changed to 12.5%.Kindly confirm and whether Educational Cess 2% and High Educational Cess 1% is still applcable.

Regards

Seby

[PAWAN KUMAR]

Dear Sir,

The rate is only 12.5%. The Education Cess @2% and Secondary and Higher Education Cess @1% has now exempted on all excisable goods from 01.03.2015. Please refer Notification No.14/2014-C.E. and 15/2014-C.E. dated 01.03.2015.

[Rajagopalan Ranganathan]

Sir,

Budget 2015 has subsumed Educational Cess and Secondary and Higher Educational cess in the Central Excise duty. From 1.3.2015 CENVAT duty payable on all excisable=le goods is 12.5% and payment of Educational Cess and Secondary and higher educational cess are exempt under Notifications No. 14 and 15 of 2015-CE dated 1.3.2015.

AI Summary

Excise Duty for Chapter 8424 Set at 12.5%; Educational and Higher Educational Cess Exempted under Budget 2015 Changes. A query was raised regarding the excise duty for chapter 8424, specifically whether the rate had changed to 12.5% and if the Educational Cess of 2% and Higher Educational Cess of 1% were still applicable. Two responses clarified that as of March 1, 2015, the excise duty rate is indeed 12.5%, and both the Educational Cess and the Higher Educational Cess have been exempted. This change was implemented under Notifications No. 14/2014-C.E. and 15/2014-C.E. dated March 1, 2015, as part of Budget 2015.