Excise Hike - effective date
This query is : Resolved
26 February 2010
When does the 2% hike in Excise Duty on various products and Rs. 1/- hike in Excise Duty on Petrol & Diesel become effective ?
Aditya Maheshwari
(Expert)
27 February 2010
w. e. f. 27.02.2010
12 March 2010
From the Midnight of 26th Feb, 2010, i.e, 27th Feb, 2010 vide Notification issued on 27th Feb, 2010.
Extracts of Notification are:
The Finance Minister has introduced the Finance Bill, 2010 in Lok Sabha today, i.e., 26th February, 2010. Changes in the excise duties have been proposed through the Finance Bill, 2010 (clauses 57 to clause 74, clauses 82 to 86) and through Notification Nos. 15/2010-Customs to 31/2010-Customs, 18/2010-Customs (NT), 3/2010-CE to 18/2010-CE, and 10/2008-CE (NT) to 14/2008-CE (NT), all dated 27th February, 2010. Changes in rates of duty (unless otherwise stated) take effect from the midnight of 26th February/27th February of 2010
Extracts of Notification are:
The Finance Minister has introduced the Finance Bill, 2010 in Lok Sabha today, i.e., 26th February, 2010. Changes in the excise duties have been proposed through the Finance Bill, 2010 (clauses 57 to clause 74, clauses 82 to 86) and through Notification Nos. 15/2010-Customs to 31/2010-Customs, 18/2010-Customs (NT), 3/2010-CE to 18/2010-CE, and 10/2008-CE (NT) to 14/2008-CE (NT), all dated 27th February, 2010. Changes in rates of duty (unless otherwise stated) take effect from the midnight of 26th February/27th February of 2010
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