Abatement information requirements: submissions for higher excise or service tax abatements must include complete supporting accounts and industry data. Requests for increased abatement for excise duty and service tax must be accompanied by complete supporting books of accounts and recent, segment-specific calculations based on actuals (small, medium and large). Representations should also disclose trade practices-sale patterns, trade margins and discounts-and Trade and Industry Associations should advise members to provide this information to enable the Advisory Committee to consider requests expeditiously.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Abatement information requirements: submissions for higher excise or service tax abatements must include complete supporting accounts and industry data.
Requests for increased abatement for excise duty and service tax must be accompanied by complete supporting books of accounts and recent, segment-specific calculations based on actuals (small, medium and large). Representations should also disclose trade practices-sale patterns, trade margins and discounts-and Trade and Industry Associations should advise members to provide this information to enable the Advisory Committee to consider requests expeditiously.
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