Excise bill will be prepared before applicable of new excise

Originally posted by : Balendra Parmar
	Dear Sir,  We are removed  good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance. Regards, Balendra Parmar.

Budget date 16.3.2012 and new rate applicable with immediate effect.

Originally posted by : Balendra Parmar
	Dear Sir,  We are removed  good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance. Regards, Balendra Parmar.

at the time of clearance, when invoice is prepared before clearance, the applicable rates were old and hence old rates were applicable and payable. 

1.  Budget was presented in Parliament on 16th March 2012 (and not on 15th March).

2.  Revised rates of excise duty are applicable from midnight of 16th/17th March.