rate of duty according to the budget 2016-17
MEHUL ASHAR
Respected sir, As regarding above subject, as u know that the budget is announced by the FM now the query is that is there any change of duty rate on cetsh no.68042220 & 68109990 as till 28-2-16 it was 12.5% so from 01-03-16 it will be same or something else please replyFromMehul
Excise duty change: no alteration to Chapter 68 tariffs after the budget; existing rates remain in force. Query whether the budget changed excise duty rates for goods under CETSH headings 68042220 and 68109990; reply expressly states there is no change in Chapter 68 Central Excise, confirming continuation of the existing duty treatment and rates for Chapter 68 items following the budget announcement. (AI Summary)
TaxTMI
TaxTMI