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excise duty for chapter 8424, Central Excise |
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excise duty for chapter 8424 |
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Excise duty for chapter 8224 has been changed to 12.5%.Kindly confirm and whether Educational Cess 2% and High Educational Cess 1% is still applcable. Regards Seby Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear Sir, The rate is only 12.5%. The Education Cess @2% and Secondary and Higher Education Cess @1% has now exempted on all excisable goods from 01.03.2015. Please refer Notification No.14/2014-C.E. and 15/2014-C.E. dated 01.03.2015.
Sir, Budget 2015 has subsumed Educational Cess and Secondary and Higher Educational cess in the Central Excise duty. From 1.3.2015 CENVAT duty payable on all excisable=le goods is 12.5% and payment of Educational Cess and Secondary and higher educational cess are exempt under Notifications No. 14 and 15 of 2015-CE dated 1.3.2015. Page: 1 Old Query - New Comments are closed. |
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