RATE OF EXCISE DUTY

[A PRABHUCHANDRU]

WHAT IS RATE OF EXCISE DUTY ON NOTE BOOKS WITH AVAILING CENVAT CREDIT

[YAGAY andSUN]

Note Books are exempted from payment of duty under Tariff Heading No. 48

AI Summary

Excise duty exemption for notebooks confirmed, indicating no excise levy under the applicable tariff heading. The query asked the rate of excise duty on notebooks where CENVAT credit is availed. The operative reply states that notebooks are exempt from payment of excise duty under the relevant tariff heading, identifying a classification-based exemption as determinative of duty liability.