With the current budget changes the applicable Excise Duty rate for our inputs are 10% & 12%.
We have updated the tariff wise rate in the excise master through “J1ID”.
We also sell these products and charge the excise duty under deemed manufacturing from our Warehouse with plant code “LTID”.
As some of the input are procured with 12% duty rate but are to be cleared with 10% duty rate from warehouse, pls. let us know how the excise master do be updated in such cases.