Dear Sir,
We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance.
Regards,
Balendra Parmar.
Balendra Parmar (Finance Manager) (199 Points)
16 March 2012Dear Sir,
We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance.
Regards,
Balendra Parmar.
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 16 March 2012
Originally posted by : Balendra Parmar | ||
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Dear Sir, We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance. Regards, Balendra Parmar. |
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Budget date 16.3.2012 and new rate applicable with immediate effect.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 16 March 2012
Originally posted by : Balendra Parmar | ||
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Dear Sir, We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance. Regards, Balendra Parmar. |
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at the time of clearance, when invoice is prepared before clearance, the applicable rates were old and hence old rates were applicable and payable.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 18 March 2012
1. Budget was presented in Parliament on 16th March 2012 (and not on 15th March).
2. Revised rates of excise duty are applicable from midnight of 16th/17th March.
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