Excise Duty Rate

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Engineer
49 Points Posted on 04 March 2008

I have 6nos of assemblies are ready with me on 29th Feb. Now my customer gives me a clearance of dispatch on 1st March. Now my question is at what rate of ED I have to dispatch the material i.e. @ 14% or @ 16%?

I have taken Raw Material credit @ 16% which is used to manufacture this assemblies, weather this came in to picture or not?

Tarun T Patel

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On 04 March 2008 at 17:29 Report
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Articled assistant
500 Points Posted on 04 March 2008
You should use the old rate.....i think that's 14%....
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On 04 March 2008 at 17:37
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Service
1461 Points Posted on 05 March 2008
It all depends on Manufacturing date. As it was manufactured before 29th February so, old rate will be applicable. Dispatch is the event when liability dues.
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On 05 March 2008 at 09:15
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A
22 Points Posted on 05 March 2008
New rate vl apply n u cn get credit of wat u hve paid earlier...
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On 05 March 2008 at 11:30
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Guest
461505 Points Posted on 06 March 2008
Excise Duty is levied on manufacture but for the convenience of Assessment the taxable event is Removal of goods from the place of Manufacture. Therefore ED applicable overhere will be 14% as on 1st March 2008. You will get the CENVAT Credit @ 16% since you paid ED on raw mat. and other inputs @ 16%
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On 06 March 2008 at 13:07
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Guest
461505 Points Posted on 10 December 2008

hiiiiiiiii

will any body provide the New Excise Duty Rate Effective from Dated 08.12.2008

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On 10 December 2008 at 15:41
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Guest
461505 Points Posted on 12 December 2008
Please Send Rate of Excise duty item wise Thanking You
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On 12 December 2008 at 10:37
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Guest
461505 Points Posted on 12 December 2008

Please send the item wise excise duty rate.

thank you

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On 12 December 2008 at 15:34
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articleship
26 Points Posted on 12 December 2008

hi.........

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On 12 December 2008 at 16:45
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articleship
26 Points Posted on 12 December 2008
Originally posted by :Priyanka
" New rate vl apply n u cn get credit of wat u hve paid earlier... "


 

hi.......

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On 12 December 2008 at 16:46
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Chartered Acoountant in Practice
40 Points Posted on 06 May 2009

can i have rate of excise duty rate & service tax rate

 

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On 06 May 2009 at 16:47

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