NCCD will be charged on Assessable value or on duty or MRP of Tobacco products, Goods and Services Tax - GST

[ramappa Nagappa]

whether NCCD will be charged on Assessable value or on duty or MRP of Tobacco products

Posts / Replies

[KASTURI SETHI]

Assessable value is to be arrived at after deducting the percentage of abatement from MRP. On that value NCCD will be computed.

[YAGAY and SUN]

Abatement rate runs from a range 50% -55% for tobacco products depending on the classification and containing the pertcentage of tobacco in particulars product.

[KASTURI SETHI]

Section 4A of Central Excise Act is applicable.

[YAGAY and SUN]

Please refer appendix XI - MRP Based assessment - Percentage of abatement read with Schedule III of the C.E.Tariff and appendix X of the NCCD i.e. Seventh Schedule to Finance Act, 2001 (section 136)

[Manoj Jain]

Whether NCCD is applicable on chewing tobacco and cigarette , if yes , how to deposit it because GST Portal is not having any option to deposit it ?

[KASTURI SETHI]

13.

Is NCCD leviable on tobacco products from 1st July, 2017? What will be the method of valuation for levy of NCCD?

• NCCD shall continue to be levied on tobacco and tobacco products at the rates as applicable prior to 1st July, 2017. • Since NCCD is a duty of excise, the valuation for the purposes of charging NCCD shall be as per the Central Excise Law read with the Valuation Rules under Central Excise Law.

[KASTURI SETHI]

This is an extract of FAQ. GST applicable.

No knowledge on this issue about Common Portal System.