The rate of Excise duty has been changed from 1.1.2015 on automobile parts
The rate of Excise duty has been changed from 1.1.2015 on automobile parts & consumer goods falling under notification no. 04/2014-CE dated 17.02.2014 as the government decided not to extend the reduced excise duty rates provided to these sectors beyond Dec 31, 2014.
In June, the new government extended the excise duty concessions by 6 months to December 31, vide notification No. 06/2014-CE dated 25.06.2014, which is now not being further extended.
There is increase in Excise Duty on Petrol & Diesel also.