Clarifiation of change in excise duty
This query is : Open
Ca Nikhil Agarwal
(Querist)
02 March 2015
Our company is manufacturing Cold drink covered under tariff heading 2202 1090
please confirm me the notification no by which the said amendment have been made
-The entry “waters, including mineral waters and aerated waters, containing added sugaror other sweetening matter or flavoured” in the Seventh Schedule to the Finance Act,2005 related to levy of Additional Duty of Excise @ 5% is being omitted. Till theenactment of the Finance Bill, 2015, the said additional Duty of Excise of 5% leviable on such goods is being exempted. Simultaneously, the Basic Excise Duty on these goods has been increased from 12% to 18%
Please explain also notification no 9/2015 dt 01/03/2015
please confirm me the notification no by which the said amendment have been made
-The entry “waters, including mineral waters and aerated waters, containing added sugaror other sweetening matter or flavoured” in the Seventh Schedule to the Finance Act,2005 related to levy of Additional Duty of Excise @ 5% is being omitted. Till theenactment of the Finance Bill, 2015, the said additional Duty of Excise of 5% leviable on such goods is being exempted. Simultaneously, the Basic Excise Duty on these goods has been increased from 12% to 18%
Please explain also notification no 9/2015 dt 01/03/2015
Rajeev Kumar Garg
(Expert)
02 March 2015
PL. SEE EXCISE NOTIFICATION 03/2015-CE (NT) DTD. 28.02.2015.
THANKS
R.K. GARG.
(ADVOCATE)
THANKS
R.K. GARG.
(ADVOCATE)
Ca Nikhil Agarwal
(Querist)
02 March 2015
THE SAID NOTIFICATION IS REGARDING ABADMENT WHERE IT IS WRITTEN THE EXCISE DUTY RATE HAS BEEN INCREASED FROM 12% TO 18%
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