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Central Excise duty was increased from 10 % to 18 % vide Notification No. 18/2012-CE, now vide Notification no. 27/2012- CE Notification No 18/2012-CE has been rescinded. What is the efffect? Kindly give your views?
Effect of Rescinding Notification No 18/2012-CE
03 Jun 2012 
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Temporary excise rate notification rescinded after enactment of the finance law, the notification became redundant.
Notification No.18/2012-CE applied a reduced excise tariff immediately to implement the budget proposal pending enactment; once the budget measure was enacted into law the notification became redundant and was rescinded, reflecting the principle that temporary notifications give immediate effect until the Finance Bill's statutory rate takes effect. (AI Summary)
Notification No.18/2012-CE applied a reduced excise tariff immediately to implement the budget proposal pending enactment; once the budget measure was enacted into law the notification became redundant and was rescinded, reflecting the principle that temporary notifications give immediate effect until the Finance Bill's statutory rate takes effect. (AI Summary)