Liability of NCCD

[UTKARSH SHIKHAR]

Company has opted for area based exemption under notifiation no. 50/2003 CE dated 10.06.2003. Would the company still be liable to pay NCCD if the finished goods are covered under Schedule VII?

AI Summary

Company Can Claim Exemption from NCCD Under Notification No. 50/2003 CE if Goods Exempt from Basic Excise Duty A company inquired about its liability to pay the National Calamity Contingent Duty (NCCD) while availing area-based exemption under notification no. 50/2003 CE dated 10.06.2003. The response clarified that NCCD is an additional duty of central excise. Since notification no. 50/2003 provides exemption from all duties of excise, including additional duties, the company can also claim exemption from NCCD if their goods are exempt from basic excise duty under this notification.