In this union budget, Finance Minister has purposed some changes in the rates and duties of central excise as well as in custom duty rates. In some products excise duty has decreased or removed and on some products it increases. Basic excise duty is increased 10% to 12%. Similarly the changes are done in custom duty also. So knowing the rates and custom duty for the financial year 2012-13 is very necessary to to the business as it matters the most. So this post is to all about the rates of custom and central excise duty for the financial year 2012-12 which is as follows.