Re-Revision Of PLI/RPLI Service Tax To 3.62 % And 1.81 %

PLI / RPLI Service Tax was modified as 3.62 % and 1.82 % respectively for First year premia and Renewal premia vide PLI Directorate letter No. 19-9/2013-LI dated 13.11.2015. 

Now, vide PLI Directorate letter No. 29-9/2013-LI dated 16.11.2015, clarification is received that the Revised Service Tax for PLI/RPLI Renewal premia is 1.81 % only, (and not 1.82%). 

Revised Rates of Service Tax on PLI/RPLI are, For First Year premia : 3.62 %
For Renewal Premia : 1.81 %