NOTIFICATION NO.04/2014 DT.17.02.2014, Central Excise

[ranjit kunar]

As per notification No.04/2014 dt.17.02.2014 we supplied goods under chapter heading 84 @10% from 12%. Is notification no.04/2014 dtd.17.02.2014 will be continued from 01.01.2015 or not???

Posts / Replies

[Muthuraj R]

Yes. From 01.01.2015 onwards the rate of Excise Duty for the products falling under CETSH - 84 and 85 will be 12%.

[ranjit kunar]

what will be the rate of duty 12% or 10%.

[ramniranjan kandoi]

As CBEC has not extended the date for continuing 10% after 31.12.2014 and hence one has to pay 12% for any removal from 01.01.2015

[PAWAN KUMAR]

Dear Sir,

Now the rate of duty is 12.36% on goods of chapter 84/85. Earlier it was 10.30% up to 31.12.2014. No extension has granted till date by the CBEC.