Amendments in the notification No. 2/2008 - Reduces peak rate to excise duty (Cenvat) from 16% to 14% w.e.f. 1-3-2008, 14% to 10% w.e.f. 7-12-2008 and 10% to 8% w.e.f. 24-2-2008 except few items - 19/2009 - Central Excise - Tariff
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Excise duty reduction: peak Cenvat rates lowered and specified tariff headings set to an ad valorem plus per litre duty. The notification amends a prior central excise notification to implement staged reductions in the peak Cenvat rate while excluding certain items, and substitutes the Table entry for a specified serial number to list particular tariff headings subject to a composite duty consisting of an ad valorem component plus a fixed per litre specific charge, effected by the named amending notification.
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Provisions expressly mentioned in the judgment/order text.
Excise duty reduction: peak Cenvat rates lowered and specified tariff headings set to an ad valorem plus per litre duty.
The notification amends a prior central excise notification to implement staged reductions in the peak Cenvat rate while excluding certain items, and substitutes the Table entry for a specified serial number to list particular tariff headings subject to a composite duty consisting of an ad valorem component plus a fixed per litre specific charge, effected by the named amending notification.
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