35 % abatement is allowed to goods belonging to Chapter 33 and Chapter 16 as per notification 49/2008-CE (NT). As per CETA, the rate prescribed is 12 % for goods of Chapter 33 while it is 6 % for goods of Chapter 16.
is there any provision in CE Act or rules made there under to the effect that abatement is allowed only to those goods valued at full rate (12 %) of CE duty?
Clarification Sought on 35% Abatement for Goods in Chapters 33 and 16 Under Notification 49/2008-CE (NT) A query was raised regarding the availability of a 35% abatement for goods under Chapter 33 and Chapter 16 as per notification 49/2008-CE (NT) in Central Excise. The prescribed Central Excise Tariff Act (CETA) rates are 12% for Chapter 33 and 6% for Chapter 16. The question asked if there is a provision in the Central Excise Act or its rules that limits abatement to goods valued at the full 12% duty rate. A response inquired if the issue had been clarified, inviting further communication if needed. (AI Summary)
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