Effective date

[Chalapathy Rao Marthy]

What is the peak effective rate of excise duty. From when CST rate of 2% will be effective

[Surender Gupta]

Peak rate of excise duty has been reduced from 16% to 14%. For effective rate of excise duty you need to look in various other notifications. CST rate is proposed to be reduced w.e.f. 1-4-2008

AI Summary

Peak excise duty rate reduced; check official notifications for the applicable effective rate and proposed CST reduction coming into effect.
Peak excise duty rate was reduced from sixteen percent to fourteen percent, while the effective excise duty rate for specific cases depends on later notifications which should be consulted. A proposed reduction in the Central Sales Tax rate was stated to take effect from 1 April 2008.