What is the rate of excise duty for the financial year 15-16

This query is : Resolved

Report Abuse Follow Query Ask a Query

NIRAJ

NIRAJ (Querist)
Follow

14 October 2015 what is the rate of excise duty for the financial year 15-16

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

14 October 2015 Change in Excise & Service Tax Rate

Central Excise duty to be rounded off to 12.5 % (from 12.36 %)

Service tax to be increased from 12.36 % to 14 %. Date of levy of new rate shall be notified after enactment of Finance Bill 2015. Till the time it is notified the rate shall be 12.36% only.

More info:

http://dateyvs.com/home-3/excise-duty-payable-by-eou-and-its-cenvat-credit/