Current rate of duty for capital goods under chap 84 & 85, Central Excise

[ASHOK AMIN]

Dear Experts, please give me the current rate of duty for capital goods falling under chapter 84 and 85.

Regards.

Posts / Replies

[PAWAN KUMAR]

Dear Sir,

The rate of duty is 12.36% on goods of chapter 84/85 now. Earlier the rate of duty was 10.30% up to 31.12.2014.

[pooja sharma]

Dear Pawan Sir,

This revised excise (12.36 %) doesn't mentioned on any website ..Actually from 2nd jan onwards i made all the PI's with this New excise duty.. and now customer wants a proof for it... what to do ? please help

[PAWAN KUMAR]

Dear Madam,

The rate of excise duty @10% was provided by the CBEC vide notification No.04/2014-C.E. Dated 17.02.2014 amending tariff rate at S.No.345 and 346 of Notification No.12/2012-C.E. Dated 17.03.2012 from 12% to 10%. The Initial reduction was up to 30.06.2014 which was further extended up to 31.12.2014.

Now the rate which valid up to 31.12.2014 has not further extended, Therefore the full rate@12%+3%Cesses (12.36%) will apply. you may refer the tariff rate.

[ASHOK AMIN]

Thanks Mr Pawan Kumar.

[MARIAPPAN GOVINDARAJAN]

I also thank Mr. Pawan Kumar