10 October 2013
CG by notification increased excise rate from 12% to 20%. The parliament session withdrew the above changes after 5 months and the rate was back to 12%. A Relevant company paid excise as per increased rate of 20% for 5 months and certainly the company won't get refund for excess excise duty paid for 5 months. so my question is whether the company would get benefit as adjustment in payment later on in subsequent payments ?
CAclubindia
