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GST on steel up by 17 percent to Rs 105 per unit ,

They said definitely, with the proposed surge in sales tax, the rate of steel products will increase in the domestic market The impact of 17 percent increase in sales tax will be about Rs 1,200 per ton to Rs 2,000 per ton on different steel products...

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Regulatory duty on import of iron and steel products imposed

KARACHI The Federal government has imposed regulatory duty on import of certain products of iron and steel in the range of 125 to 5 percent According to a notification, regulatory duty of 125 percent has been imposed on the import of Flat rolled products of iron or non alloy steel, of a width of 600 mm or more, hot rolled, not clad, plated ....

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Increase to Excise Rates Effective April 1, 2018 on Beer ,

View the Excise Duty Notice EDN45, Changes to Excise Duty Rates on Spirits and Wine Tobacco On February 27, 2018, the Minister of Finance tabled Budget 2018 and announced an increase to the rates of excise duty on tobacco products...

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Excise Duties and Levies

Excise duties and levies are imposed mostly on high-volume daily consumable products eg petroleum and alcohol and tobacco products as well as certain non-essential or luxury items eg electronic equipment and cosmetics...

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How is excise duty computed? Is it calculated on the MRP ,

The rate of duty is Rs 30000 pm per machine Duty based on production capacity - In this case, the govt may notify some goods on which duty shall be calculated on such basis This duty is mandatory and the producer cannot opt for any scheme of calculating duty payable...

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Excise Duty on Alcohol

Council Decision No 376/2014/EU of 12 June 2014 authorises Portugal to apply a reduced rate of excise duty in the autonomous region of Madeira on locally produced and consumed rum and liqueurs and in the autonomous region of the Azores on locally produced and consumed liqueurs and eaux-de-vie...

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Budget 2016 Excise duty on tobacco products up by 10

TII said the steep increases in excise duty on cigarettes in recent years has resulted in widening the differential in excise duty rates on a per kg of tobacco basis between cigarettes and other tobacco products from 28 times in 2005-06 to over 53 times currently...

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Tariff Changes Sri Lanka Customs

Excise Duty on Importation of Ethyl Alcohol Effective from 2014/01/21 Customs Import Duty Amendment Effective from 2014/01/20 Import Cess Amendment Effective from 2014/01/20...

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Types of Excise Duty Excise Tariff

The rates of dutyPan masala and tobacco products attract 16 duty and all others goods in schedule attracts 8 duty1985 The rates of duty are provided in the 7 sche snuff1956 on which the power of state govt 1957 cigarett...

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Changes In Excise Duty rates Budget 2015 SIMPLE TAX INDIA

2 Simultaneously, the standard ad valorem rate of duty of excise ie CENVAT is being increased from 12 to 125 Specific rates of Basic Excise Duty on petrol, diesel, cement, cigarettes other tobacco products other than biris are also being suitably changed...

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The import duty rate for importing STAINLESS STEEL PLATE ,

The import duty rate for STAINLESS STEEL PLATE is 45 Calculate the import taxes due for importing STAINLESS STEEL PLATE to make informed purchase decisions...

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Classification of goods

determine whether or not a product is liable to excise duty find out if a reduced value-added tax rate applies insofar as the CN is used as a basis of reference The EU classification system has 2 elements...

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SUGGESTED ANSWERS TO QUESTIONS

The product attracts Basic Excise Duty 12 5 and CST 2 What would be the assessable value of the product , VAT Rate of Computer, if sold within Tamil Nadu, is 5 If the product is sold to an , input credit in respect of excise duty paid on purchase of steel, cement and other materials u sed for construction of the factory building ....

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Federal Excise Duty Or Federal Excise Tax Clear Your ,

Federal Excise duty formerly known as Central Excised Duty is Levied by the government of Pakistan as Federal Excise Tax on the following Goods produced or manufactured in Pakistan Goods imported into Pakistan Such goods as the Federal Government may, by notification in the official Gazette, specify, as are produced or manufactured in the non-tariff areas and are brought to the tariff ....

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Impact of changes in Central Excise Duty and Service Tax ,

In effect, the general rate of Central Excise Duty of 1236 including the cesses is being rounded off to 125 And, this is what the Budget Speech states about change in rates of Service tax, a tax on provision of services Introduction of GST is eagerly awaited by trade and Industry...

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Impact of GST Rate on Iron and Steel Industry in India

While the tax rate on kitchen supplies such as the cooker and other iron/steel utensils has decreased to 12 from the previous 195 , the rate on some other iron/steel products such as barbecues and sanitary ware has increased to 28...

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Excise Duty changes as per Indian Budget 2017

Central Excise duty tariff rate changes for explosives, matches, pyrotechnic products under Budget Products under HSN code Chapter 36 Changes in excise duty for photographic or cinematographic goods as per Budget...

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EXPLANATORY NOTES CUSTOMS Additional duty of customs ,

including special excise duty and additional excise duties on final products, but not for , as are applicable to the excise duty leviable under the Central Excise Act II Peak rate of customs duty Peak rate of customs duty on non-agricultural goods has been reduced from 20 , steel of headings 7218 to 7229 , is being reduced from 15 to ....

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Pakistan Customs Tariff Pakistan Customs information ,

Tags custom duty calculator pakistan 2017, customs tariff 2017, customs tariff 2017-18 pakistan, customs tariff pakistan, how to pay custom duty of cars in Pakistan, import duty on hybrid cars in Pakistan, pakistan custom tariff hs code, pakistan customs duty, pakistan customs tariff 2017-18...

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Tobacco Tax and Excise Duties Excise Duty/Tax on Bidis ,

In the case of Cigarettes, on which excise duty, VAT and other State level taxes were being levied previously, the highest GST rate of 28 is now being levied in addition to GST Compensation Cess and National Calamity Contingency Duty NCCD...

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Excise Duty in India

Excise duty is of three types Basic Excise Duty, Additional Duty of Excise, and Special Excise Duty On the other hand, Custom Duty is a form of indirect tax levied by the government on goods that are sold in India but are manufactured outside the country...

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New Duty Drawback Rates Announced Department of ,

Announcement of All Industry Rates of Duty Drawback, 2014-15 The new All Industry Rate of Duty Drawback for 2014-15 for various export product group including handicrafts have been announced by the Department of Revenue vide its Customs Notification No 110/2014-Customs NT DT...

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Excise Duty Changes in Budget 2013

General excise duty rate CENVAT rate is being enhanced from 10 to 12 Consequently, the merit rate of 5 is being enhanced to 6 while 1 excise duty applicable on 130 items is also being enhanced to 2 with a few exceptions...

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Pakistan Customs

Pakistan Customs is the guardian of Pakistan borders against movement of contra band goods and is facilitator of bona fide trade It provides a major source of revenue to the Government of Pakistan in the form of taxes levied on the goods traded across the borders...

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Method of Calculation

Tax or Duty Based on Items Rate or Excise Duty This type of account is suitable in cases where there are differential rates of duty/tax on items In India, excise duty ,...

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A F FERGUSON CO

A F FERGUSON CO FEDERAL BUDGET 2015 , Bank of Pakistan to bring discount rate at all time low of 7 , in the last 42 years On the other hand, manufacturing and , exemption or reduced tax rate of 10 FEDERAL EXCISE DUTY Federal Excise Duty on aerated beverages and...

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The Federal Excise Act, 2005

manufactured product b any process of re-manufacture, remaking, reconditioning or repair , originated outside but rendered in Pakistan at the rate of 2 , which shall be charged to Federal excise duty as, and at the rates, set-forth therein 2 Duty in respect of goods imported into Pakistan shall be levied...

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Global and regional overview of cigarette taxation

Tobacco excise tax systems are quite complex in several countries, where different tax rates are applied based on prices, product characteristics such as presence/absence of a filter or length, packaging....

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Federal Board of Revenue FBR , Government of Pakistan ,

Enhance the rate of excise duty on cigarett 30-11-2015 , dated 12th August, 2005 has been amended to restrict rebate of Federal Excise Duty on export of all petroleum products whether imported or produced locally except when there is a Government to Government contract done through oil marketing companies only when exported to ....

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Chapter II Central Excise Duty on Iron and Steel Products ,

The products of Iron steel have been classified separately under Chapter 73 Central Excise Duty at the rate of 12 per cent was leviable on Iron and steel and its articles with effect from 19 March, 2012 In addition, Education Cess with effect from 9 July 2004 at the rate of...

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