Clarifiation of change in excise duty
This query is : Open
02 March 2015
Our company is manufacturing Cold drink covered under tariff heading 2202 1090
please confirm me the notification no by which the said amendment have been made
-The entry “waters, including mineral waters and aerated waters, containing added sugaror other sweetening matter or flavoured” in the Seventh Schedule to the Finance Act,2005 related to levy of Additional Duty of Excise @ 5% is being omitted. Till theenactment of the Finance Bill, 2015, the said additional Duty of Excise of 5% leviable on such goods is being exempted. Simultaneously, the Basic Excise Duty on these goods has been increased from 12% to 18%
Please explain also notification no 9/2015 dt 01/03/2015
please confirm me the notification no by which the said amendment have been made
-The entry “waters, including mineral waters and aerated waters, containing added sugaror other sweetening matter or flavoured” in the Seventh Schedule to the Finance Act,2005 related to levy of Additional Duty of Excise @ 5% is being omitted. Till theenactment of the Finance Bill, 2015, the said additional Duty of Excise of 5% leviable on such goods is being exempted. Simultaneously, the Basic Excise Duty on these goods has been increased from 12% to 18%
Please explain also notification no 9/2015 dt 01/03/2015
02 March 2015
PL. SEE EXCISE NOTIFICATION 03/2015-CE (NT) DTD. 28.02.2015.
THANKS
R.K. GARG.
(ADVOCATE)
THANKS
R.K. GARG.
(ADVOCATE)
02 March 2015
THE SAID NOTIFICATION IS REGARDING ABADMENT WHERE IT IS WRITTEN THE EXCISE DUTY RATE HAS BEEN INCREASED FROM 12% TO 18%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
