1% excise duty on 130 items
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2011
Dear Sir,
As we know, in finance budget 2011, 130 items were brought under the list to pay excise duty of nominal 1% of value.
This notification date is No.1/2011 of 1st March,2011.
From which date (1st march or 1st april) we have to collect and pay excise duty?
In notification, no date of applicability.
Please clarify?
Dear Sir,
As we know, in finance budget 2011, 130 items were brought under the list to pay excise duty of nominal 1% of value.
This notification date is No.1/2011 of 1st March,2011.
From which date (1st march or 1st april) we have to collect and pay excise duty?
In notification, no date of applicability.
Please clarify?
Ajay Raghatate
(Expert)
25 March 2011
This effected from 1st March 2011
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