TMI BlogLEVY OF CENTRAL EXCISE DUTYX X X X Extracts X X X X X X X X Extracts X X X X ..... e Tariff, which contains 96 Chapters grouped under 20 distinct Sections. The rates of Special Excise duty are specified in the 2 nd Schedule to the Central Excise Tariff Act, 1985 . 3.2 Classification of the goods: In order to determine the applicable rate of duty in respect of a particular item, the positioning of that item under a particular head or sub-heading of Central Excise Tariff ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the product, the one occurring later would prevail. Duty is payable at the rates prescribed in the Tariff. However, in respect of cases where there is any exemption by virtue of a Notification relating to the goods in question, the actual rate of duty (effective rate of duty) is to be worked out after taking into consideration the relevant exemption Notification, subject to the conditions, if an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e goods sold by the assessee, for delivery at the time and place of the removal, the assessee and the buyer of the goods are not related and the price is the sole consideration for the sale, then such Price shall be the Transaction value. (ii) In any other case, including the case where the goods are not sold, the value shall be determined in such manner as prescribed in the Central Excise Valu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Act shall be done on the basis of such MRP value, subject to admissibility of abatement, if any, as may be notified. The goods, which are liable to MRP assessment and the extent of abatement admissible in respect of those goods, are detailed in the Notification 49/2008-C.E. (N.T.) dated 24-12-2008 issued under Section 4A of the Act. Tariff value: In respect of certain specified goods, the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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