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Increase in excise duty
It has been heard that there is a proposal to increase the duty on diesel cars.
When will this hike be applicable?
Heard that this will be applicable from the very next day of the budget presentation?
Is it true?
Replies (3)
transitional provisions may apply, subject to the notification date mentioned in budget. usually it get applied from 1st of april after budget, or as notified in the notification.
Sir i didnt get u ....
Let the budget be presenting on 15th march,wil the hike be applicable for those who are buying diesel cars on 16th?
In terms of Provisional Collection Act, 1931, increased excise duty is collected from the day when Budget is presented in the Parliament.
Advocate Raksh*t Verma
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