TMI BlogWhether Finance act prevail over notification or Vice-versa ?X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xcise duty is given as 12.5%. which rate to be followed ?? Please revert back to the query - Reply By Praveen Kumar - The Reply = small correction to the above query tariff heading is 1704 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not 1790. - Reply By Rajagopalan Ranganathan - The Reply = 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mended 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and bubble gum) falling under sub-heading 1705 90. - Whether Finance act prevail over notification or Vice-versa ? - Query Started By: - Praveen Kumar Dated:- 1-10-2015 Central Excise - Got 2 Repli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
