Amendment in Notification No. 2/2003-M&TP, dated the 1st March, 2003 - increase in applicable rate of excise duty from 12% to 12.5% - 01/2015-M & TP - Central Excise - Tariff
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Excise duty rate increase applies to medicinal and toilet preparations, amending the tariff table by notification. Notification No. 1/2015-M&TP substitutes the entry 'Twelve and half per cent. ad valorem' for 'Twelve per cent. ad valorem' in column (4) of the Table in Notification No. 2/2003-M&TP, thereby increasing the ad valorem excise duty rate applicable to the medicinal and toilet preparations covered by that notification, effected under rule 8 of the Medicinal and Toilet Preparations (Excise Duties) Rules, 1956.
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Provisions expressly mentioned in the judgment/order text.
Excise duty rate increase applies to medicinal and toilet preparations, amending the tariff table by notification.
Notification No. 1/2015-M&TP substitutes the entry "Twelve and half per cent. ad valorem" for "Twelve per cent. ad valorem" in column (4) of the Table in Notification No. 2/2003-M&TP, thereby increasing the ad valorem excise duty rate applicable to the medicinal and toilet preparations covered by that notification, effected under rule 8 of the Medicinal and Toilet Preparations (Excise Duties) Rules, 1956.
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