How impact on light diesel oil of new excise rate after budget 2015.
excise rate on diesel
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Excise rate on Light Diesel Oil now distinguishes branded and unbranded categories, altering the total duty payable per litre.
From 01.03.2015 Light Diesel Oil is subject to separate duty combinations for unbranded and branded categories, each consisting of a CENVAT-recoverable excise component plus an Additional Excise Duty (AED). The total duty payable on each category equals the applicable CENVAT component together with the AED component, resulting in differing total duty burdens for branded versus unbranded Light Diesel Oil. (AI Summary)
From 01.03.2015 Light Diesel Oil is subject to separate duty combinations for unbranded and branded categories, each consisting of a CENVAT-recoverable excise component plus an Additional Excise Duty (AED). The total duty payable on each category equals the applicable CENVAT component together with the AED component, resulting in differing total duty burdens for branded versus unbranded Light Diesel Oil. (AI Summary)
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