Power of Central Government to charge excise duty on the basis of capacity of production in respect of notified goods

Power of Central Government to charge excise duty on the basis of capacity of production in respect of notified goods https://www.taxtmi.com/acts?id=8785 Central Government may notify specified excisable goods for capacity-based excise charging; rules may require determination of annual capacity by an Assistant Commissioner or define production factors and deemed quantities per factor, with proportionate adjustments for part-year operation or changes in factors. Duty is levied per unit of deemed production or per production factor at notified rates and collected as prescribed; abatement is available for continuous non-production subject to conditions. The section excludes goods of hundred per cent export-oriented undertakings and treats such duty as leviable under the applicable tariff schedule; "factor" may include multiple factors. en-us Thu, 08 May 2008 11:11:41 +0530 Thu, 13 Jul 2017 15:28:16 +0530 TaxTMI RSS Generator Power of Central Government to charge excise duty on the basis of capacity of production in respect of notified goods https://www.taxtmi.com/acts?id=8785 Central Government may notify specified excisable goods for capacity-based excise charging; rules may require determination of annual capacity by an Assistant Commissioner or define production factors and deemed quantities per factor, with proportionate adjustments for part-year operation or changes in factors. Duty is levied per unit of deemed production or per production factor at notified rates and collected as prescribed; abatement is available for continuous non-production subject to conditions. The section excludes goods of hundred per cent export-oriented undertakings and treats such duty as leviable under the applicable tariff schedule; "factor" may include multiple factors. Act-Rules Central Excise Thu, 08 May 2008 11:11:41 +0530 https://www.taxtmi.com/acts?id=8785