change of excise duty rate
Respected Sir,
As regarding above subject, my query is that as you know that the FM has announced the budget on 01-02-17 then is there any changes in the duty rate on the CETSH NO.68109990 & 26060020 as till 31-01-17 it was 12.5% then from 01-02-17 it would be 12.5% or else.Please reply. THANKING U
No Change in Excise Duty Rates for Specific Tariff Numbers After February 2017 Budget Announcement; Remains at 12.5%. A query was raised on a discussion forum regarding potential changes in excise duty rates for specific tariff numbers following the budget announcement on February 1, 2017. The inquirer sought clarification on whether the duty rate, previously 12.5% as of January 31, 2017, had changed. Responses from multiple participants confirmed that there was no change in the excise duty rate, maintaining it at 12.5%, subject to any effective rate prescribed under exemption notifications. The inquirer expressed gratitude for the clarifications received. (AI Summary)
Central Excise