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    <title>Current rate of duty for capital goods under chap 84 &amp; 85</title>
    <link>https://www.taxtmi.com/forum/issue?id=107806</link>
    <description>Excise duty on capital goods under Chapters 84 and 85 has reverted to the full tariff rate including statutory cesses, yielding an aggregate rate of 12.36%. A concessional 10% rate had been effective by notification until 31.12.2014; that concession was not extended, so the prior full duty (basic tariff plus cesses) now applies. Suppliers should charge and document the full duty and refer to the tariff schedule and amending notifications for authoritative support.</description>
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    <pubDate>Sun, 04 Jan 2015 19:23:08 +0530</pubDate>
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      <title>Current rate of duty for capital goods under chap 84 &amp; 85</title>
      <link>https://www.taxtmi.com/forum/issue?id=107806</link>
      <description>Excise duty on capital goods under Chapters 84 and 85 has reverted to the full tariff rate including statutory cesses, yielding an aggregate rate of 12.36%. A concessional 10% rate had been effective by notification until 31.12.2014; that concession was not extended, so the prior full duty (basic tariff plus cesses) now applies. Suppliers should charge and document the full duty and refer to the tariff schedule and amending notifications for authoritative support.</description>
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      <pubDate>Sun, 04 Jan 2015 19:23:08 +0530</pubDate>
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