Excise duty @ 6 %

This query is : Resolved

RAM KUMAR SAINI (Querist)
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02 March 2015 Dear Experts

Excise duty rate was 6.18%

now E.cess and S.H.E.C has been exempted vide notification no. 14/2015 and 15/2015

now what will be the Excise duty rate

6% or 6.5%

Please advise

Thanks & Rgds
Ram Saini

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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02 March 2015 RATE OF EXCISE DUTY WILL BE 6% ONLY. NO NEED TO CALCULATE EDU.CESSES ON DUTY.
THANKS.
R.K. GARG

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RAM KUMAR SAINI

RAM KUMAR SAINI (Querist)
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02 March 2015 Thanks for your valuable opinion

12.36% is now 12.50%

if rate of duty was 6.18%

now no need to make it 6.50%

please advise

Thanks & Rgds

Ram saini

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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02 March 2015 1. EDU. CESSES (BOTH) HAVE BEEN MERGED IN EXCISE DUTY. HENCE, NO NEED TO CALCULATE IT ON EACH RATE OF DUTY.

2. ONLY THE CHANGE IN DUTY @ 12% OR 12.36% NOT IN 6% OR 6.18%.

THANKS.
R.K. GARG
(ADVOCATE)

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