clarification about 2%ed.cess & 1% s & h Cess

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....larification about 2%ed.cess & 1% s & h Cess<br> Query (Issue) Started By: - MEHUL ASHAR Dated:- 1-3-2015 Last Reply Date:- 4-3-2015 Central Excise<br>Got 1 Reply<br>Central Excise<br>Respected Sir, ....

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....As regarding above subject, my query is that one of my clients is taking the benefit of noti.no.08/2003 which is about 1.5 crore exemption limit and as u know that FM has announced budget-2015 on 28-0....

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....2-15 and he has removed 2% and 1% cess on excisable goods but my client, as he has to pay the excise duty on the closing stock of finished goods and raw material on 31-03-2015 then do I have to calcul....

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....ate 2% ed.cess and 1% s and h cess on closing stock or not.Please reply. THANK U Reply By MUKUND THAKKAR: The Reply: please advise your client to pay only 12.5&#37; need not to pay 2&#37; and 1&#37....

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....;. because closing stock is applicable only new rate.<br> Discussion Forum - Knowledge Sharing ....