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Excise duty @ 6 %

This query is : Resolved 

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

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

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

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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