9911796707
TMI BlogNCCD will be charged on Assessable value or on duty or MRP of Tobacco productsX X X X Extracts X X X X X X X X Extracts X X X X ..... NCCD will be charged on Assessable value or on duty or MRP of Tobacco products X X X X Extracts X X X X X X X X Extracts X X X X ..... ting the percentage of abatement from MRP. On that value NCCD will be computed. Reply By YAGAY and SUN: The Reply: Abatement rate runs from a range 50% -55% for tobacco products depending on the classification and containing the pertcentage of tobacco in particulars product. Reply By KASTURI SETHI: The Reply: Section 4A of Central Excise Act is applicable. Reply By YAGAY and SUN: The Reply: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Please refer appendix XI - MRP Based assessment - Percentage of abatement read with Schedule III of the C.E.Tariff and appendix X of the NCCD i.e. Seventh Schedule to Finance Act, 2001 (section 136) Reply By Manoj Jain: The Reply: Whether NCCD is applicable on chewing tobacco and cigarette , if yes , how to deposit it because GST Portal is not having any option to deposit it ? Reply By KASTURI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SETHI: The Reply: 13. Is NCCD leviable on tobacco products from 1st July, 2017? What will be the method of valuation for levy of NCCD? • NCCD shall continue to be levied on tobacco and tobacco products at the rates as applicable prior to 1st July, 2017. • Since NCCD is a duty of excise, the valuation for the purposes of charging NCCD shall be as per the Central Excise Law read with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Valuation Rules under Central Excise Law.
Reply By KASTURI SETHI:
The Reply:
This is an extract of FAQ. GST applicable.
No knowledge on this issue about Common Portal System. X X X X Extracts X X X X X X X X Extracts X X X X
|
