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CHAPTER II LEVY AND COLLECTION OF DUTY

Annexure - Annexure - Goods and Services Tax - Annexure - Duties specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 to be levied. (1) There shall be levied and collected in such manner as may be prescribed,- (a) a duty of excise to be called the Central Value Added Tax (CENVAT) on all excisable goods (excluding goods produced or manufactured in special economic sones) which are produced or manufactured in India as, and at the rates, set forth in the Fi .....

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ollected on any [excisable goods which are produced or manufactured,- (i) * * * * * * (ii) by a hundred per cent export-oriented undertaking and brought to any other place in India, shall be an amount equal to] the aggregate of the duties of customs which would be leviable under the Customs Act, 1962 (52 of 1962) or any other law for the time being in force, on like goods produced or manufactured outside India if imported into India, and where the said duties of customs are chargeable by referen .....

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ghest of those rates. Explanation 2.-In this proviso,- (i) * * * * * * (ii) "hundred per cent export-oriented undertaking" means an undertaking which has been approved as a hundred per cent export-oriented undertaking by the Board appointed in this behalf by the Central Government in exercise of the powers conferred by section 14 of the Industries (Development and Regulation) Act, 1951, (65 of 1951) and the rules made under that Act. (iii) "Special Economic Zone" has the mean .....

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es of any articles enumerated, either specifically or under general headings, in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as chargeable with duty ad valorem and may alter any tariff values for the time being in force. (3) Different tariff values may be fixed- (a) for different classes or descriptions of the same excisable goods; or (b) for excisable goods of the same class or description- (i) produced or manufactured by different classes of pr .....

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