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NITISH ( CA student)     06 March 2008

tax

HELLO CAN ANYONE TELL  ME THAT WHAT IS THE RATE OF EXCISE TAX & CUSTOMS TAX .


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 1 Replies

Rajesh Kumar (Advocate)     17 March 2008

The normal tariff rate of Excise duty is 14%, but due to differential tariff rate and exemption notifications, the effective rate of goods differs. The peak rate of custom duty is 10%, nevertheless various products attracts anti dumping duty, countervailing duty or safeguard duty. Further various products are exempted from various duties. To know the exact rate of Custom or Central Excise duty, you should refer to the relevant tariffs.

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