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New budget 2015 excise duty increase on cement product

Jan 03, 2022

Jul 05, 2016 For most of the goods, Excise Duty rate applicable before budget was 12.36%. (12% Cenvat/Excise Duty + 0.24 Education Cess + 0.12% Higher Secondary Education Cess = 12.36%). However now in general, Excise Duty Rate will be 12.5% as explained under: Basic Excise Duty / Cenvat. It is increased from 12% to 12.5%

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