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Whether Finance act prevail over notification or Vice-versa ?, Central Excise

Issue Id: - 109230
Dated: 1-10-2015
By:- Praveen Kumar

Whether Finance act prevail over notification or Vice-versa ?


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Dear Experts,

We (manufacturer) charging excise duty @6% based on the notification no. 12/2012 under tariff no.1790 whereas in the union budget 2015-16 under the same tariff heading the rate of excise duty is given as 12.5%.

which rate to be followed ??

Please revert back to the query

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 1-10-2015
By:- Praveen Kumar

small correction to the above query

tariff heading is 1704 not 1790.


2 Dated: 1-10-2015
By:- Rajagopalan Ranganathan

Sir,

For all goods falling under heading No. 1704 the tariff rate is 12.5% adv. Under Notification No. 12/2012-CE dated 17.3.2012 as amended effective rate (that is, concessional rate) of duty for goods falling under sub-heading 1704 90 is fixed as 6%. 6% duty is applicable only to sugar confectionery (excluding white chocolate and bubble gum) falling under sub-heading 1705 90.


Page: 1

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