Name of Central Excise Duty has been changed as a Federal Excise Duty on?
Correct answer: B. 1st July, 2005
- A. 1st July, 2003
- B. 1st July, 2005
- C. 1st July, 2007
- D. 1st July, 2008Knowledge Management
Explanation
Pakistan replaced the term Central Excise Duty with Federal Excise Duty under the Federal Excise Act, 2005, effective from 1 July 2005. Thus the change belongs to the 2005 fiscal year.
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