Excise duty

This query is : Resolved 

03 June 2012 Dear Sir,
Is excise duty changed from 12% to 10% w.e.f. 30.05.2012 & if yes then please provide me notification number.

03 June 2012 Rate of duty 12% now

03 June 2012 Rumours floated by mongers that excise duty has been lowered to 10 per cent due to rescinding of Notification which provided 12 per cent duty-It is clarified that there is no change in rate of duty-Notification has been rescinded because Tariff Rate itself is now 12 per cent consequent to enactment of Finance Act 2012

04 June 2012 Thank you for reply


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