Excess excise duty paid reason being temporary hike in rates
This query is : Resolved
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 ?
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 ?
Arun Kumar Singh
(Expert)
10 October 2013
If you have paid the excess duty payment then you can adjust in the next month duty payment.
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