tarrif no 90172010

[ashish yadav]

my company charge the duty 2 % why because tarrif rate is 6%

AI Summary

Company Seeks Clarification on 2% Duty Rate Under Notification No. 1/11-CE; Input Credit Restrictions Apply A company inquired about charging a 2% duty rate despite a 6% tariff rate under Central Excise regulations. The response clarified that the 2% duty is applicable under Notification No. 1/11-CE dated 1.3.2011, amended by Notification No. 16/12-CE dated 17.3.12, for products listed at serial no. 119. This concessional rate prohibits taking input or input service credit. The company acknowledged the explanation but noted they cannot utilize available service tax credit.