Impact of Corrugating duty on Corrugated Boxes

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%. The Notification no. 04/2006–C.E. dated 01.03.2006 has been amended by Notification no. 10/2010-C.E. dated February 27. 2010....read more