Changes in Duties

[Guest]

R/Sir

Any recent changes in duty rates in the budget 2011 - 12.

Basically I am working in food industry are their any changes - is ready to eat product charged duty in this budget, if so what are the changes. Pls provide me the notification and details.

Regards

 

S  B Devale

 

[Snehal Kulkarni]

 

There is no change in Peak Rate of Duties.

Only the items having the ED 4% is changed to 5%.

 

AI Summary

Excise duty increase for certain items; peak duty rate left unchanged under the budget's changes. Budget change confined to upward revision of excise duty for items previously charged at the lower specified rate to a higher specified rate, with the peak duty rate remaining unchanged; applicability to food industry products, including ready to eat items, depends on whether they had been subject to the lower rate now increased.