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Wednesday, March 3, 2010

Impact of Corrugating duty on Corrugated Boxes

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:

wrapping supplies said...

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.