Liability of NCCD

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..... Liability of NCCD
Query (Issue) Started By: - UTKARSH SHIKHAR Dated:- 5-5-2009 Last Reply Date:- 6-5-2009 Central Excise
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Central Excise
Company has opted for area based exempt .....

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..... ion under notifiation no. 50/2003 CE dated 10.06.2003. Would the company still be liable to pay NCCD if the finished goods are covered under Schedule VII? Reply By Mukesh Kumar: The Reply: NCCD is n .....

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..... othing but a duty of central excise levied in addition to any other duties of excise leviable on the goods [See schedule of NCCD]. Notification no. 50/2003 grants exemption from whole of duties of exc .....

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..... ise and additional duties of excise. Therefore, you may claim the beneift of exemption to NCCD also, if your goods exempt from basic excise duty under notifiation no. 50/2003 CE dated 10-6-2003.
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..... iscussion Forum - Knowledge Sharing .....

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