TMI Blogadvice regarding notificationX X X X Extracts X X X X X X X X Extracts X X X X ..... WE ARE MANUFACTURING SAUCE UNDER TARIFF NO.210390390 TAKING ABATEMENT 35% AS PER NOTIFICATION NO.11/2011 CHARGE EXCISE DUTY 2% AS PER NOTIFICATION NO.1/2011 . BUT WE ARE PUZZLING BECAUSE NOTIFICATION NO.11/2011 ,ALSO MENTIONED 35% ABATEMENT ON SAUCE. YOU ARE REQUESTED TO GUIDE WHY WE ARE NOT ABLE FOR TAKING BOTH ABATEMENT CHARGING CONCESSIONAL DUTY 2%. - Reply By CS SANJAY MA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LHOTRA - The Reply = Dear Anil, Benefits under both the Notifications are available. Both the notifications are different in the manner that 11/2011-CE (NT) provides for abatement% from the MRP for the purpose of Valuation i.e. arriving at Assessable Value for levy of Excise Duty, whereas Notification No. 01/2011 CE provides for Duty Rate on exempted goods without availing the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CENVAT facility. 11/2011-CE (NT) : Meant for Valuation of Goods for levy of Excise. 01/2011- CE : prescribes the Excise Duty Rate % to be charged with condition of non-availment of CENVAT. - Reply By Anil Jangid - The Reply = Dear sir, Can we take notification of the both the notification abatement and concessional rate of duty. - Reply By CS SANJAY MALHOTRA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = Dear Anil, Yes. Also please note that the Notification No, 1/2011-CE prescribes duty rate on Exempted goods. - advice regarding notification - Query Started By: - Anil Jangid Dated:- 26-1-2016 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|