Excise and custom duty on edible oil
Shruti arora (CA) (29 Points)
29 January 2016Shruti arora (CA) (29 Points)
29 January 2016
Pravin
(Manager)
(25 Points)
Replied 05 February 2016
According to a notification issued by the Central Board of Excise and Customs (CBEC), customs or import duty on edible oil in all categories has been increased by 5 per cent.
Duty on crude edible oil has been increased from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 per cent to 20 per cent.
https://timesofindia.indiatimes.com/business/india-business/Govt-hikes-import-duty-on-edible-oil-by-5/articleshow/49009583.cms
Shruti arora
(CA)
(29 Points)
Replied 08 February 2016
Thanks and what about Excise duty ?? I suppose it will come under " Deemed manufacture ", so what will be the applicable Excise duty rates ??
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961