NCCD will be charged on Assessable value or on duty or MRP of Tobacco products

[ramappa Nagappa]

whether NCCD will be charged on Assessable value or on duty or MRP of Tobacco products

AI Summary

Debate on NCCD Levy for Tobacco: Should It Be Based on Assessable Value, Duty, or MRP? Section 4A Applies. The discussion revolves around whether the National Calamity Contingent Duty (NCCD) on tobacco products should be charged based on the assessable value, duty, or Maximum Retail Price (MRP). The assessable value is determined after deducting abatement from the MRP. NCCD is calculated on this value, with abatement rates ranging between 50%-55% depending on the product classification. Section 4A of the Central Excise Act applies, and NCCD continues to be levied as before July 1, 2017. The valuation for NCCD follows the Central Excise Law. There is confusion about depositing NCCD through the GST Portal.