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

Excise Duty Reduced to 14%; Central Sales Tax Set to Drop to 2% from April 1, 2008. A discussion forum participant inquired about the peak effective rate of excise duty and the effective date for the reduced Central Sales Tax (CST) rate. In response, it was clarified that the peak excise duty rate had been reduced from 16% to 14%. Additionally, the CST rate was proposed to be reduced to 2% effective from April 1, 2008.