CBIC Amends Notification Prescribing Effective Rate of Duty on Goods - 05.04.2021

Central Board of Indirect Taxes and Customs (CBIC) has amended the notification which seeks to prescribe effective rate of duty on goods consequent to enactment of Finance Act, 2021. The Board has notified that for Petroleum crude the standard rate of duty will be Re 1 per tonne and in case of all goods the standard rate will be nil. The notification shall come into force on the 1st April, 2021.

Tags : Central Board of Indirect Taxes and Customs Effective Rate of Duty on Goods

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