clarification about 2%ed.cess & 1% s & h Cess

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..... clarification about 2%ed.cess & 1% s & h Cess
Query (Issue) Started By: - MEHUL ASHAR Dated:- 1-3-2015 Last Reply Date:- 4-3-2015 Central Excise
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Central Excise
Respected Sir, .....

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..... As regarding above subject, my query is that one of my clients is taking the benefit of noti.no.08/2003 which is about 1.5 crore exemption limit and as u know that FM has announced budget-2015 on 28- .....

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..... 02-15 and he has removed 2% and 1% cess on excisable goods but my client, as he has to pay the excise duty on the closing stock of finished goods and raw material on 31-03-2015 then do I have to calcu .....

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..... late 2% ed.cess and 1% s and h cess on closing stock or not.Please reply. THANK U Reply By MUKUND THAKKAR: The Reply: please advise your client to pay only 12.5% need not to pay 2% and 1 .....

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..... 7;. because closing stock is applicable only new rate.
Discussion Forum - Knowledge Sharing .....

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