Prepared By:
CA Pradeep Jain
Ghanshyam Chauhan
Earlier to this budget, the corrugated boxes were chargeable to Central Excise duty @ 8 %. Most of the units producing corrugated boxes were operating under SSI exemption Notification no. 8/2003-CE (NT) dated 01.03.2003.
But this year budget has amended the aforesaid position. The levy of duty has been lowered to 4%.....read more
1 comment:
The value of corrugated boxes production unit has been decreased to 4 percent. This is a good thing to have a lower tax on corrugated boxes and more production for packaging.
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