Realisation of the amount paid under the provisions of the erstwhile sub-rule (1) of rule 57CC and its retention by the manufacturers - whether the provisions of section 11D of Central Excise Act, 1944 would get attracted in such cases.

Realisation of the amount paid under the provisions of the erstwhile sub-rule (1) of rule 57CC and its retention by the manufacturers - whether the provisions of section 11D of Central Excise Act, 1944 would get attracted in such cases. https://www.taxtmi.com/circulars?id=409 The former rule required computation of a charge on the total price of exempted products and did not contemplate separate realisation; if the computed amount is shown on the invoice as a non-duty charge, the excise recovery provision does not apply, but if any sum recovered is in substance or documented as excise duty, the recovery provision is attracted-a factual determination based on documents and how the amount is presented and collected. en-us Mon, 12 Nov 2001 00:00:00 +0530 Tue, 23 Sep 2008 15:39:00 +0530 TaxTMI RSS Generator Realisation of the amount paid under the provisions of the erstwhile sub-rule (1) of rule 57CC and its retention by the manufacturers - whether the provisions of section 11D of Central Excise Act, 1944 would get attracted in such cases. https://www.taxtmi.com/circulars?id=409 The former rule required computation of a charge on the total price of exempted products and did not contemplate separate realisation; if the computed amount is shown on the invoice as a non-duty charge, the excise recovery provision does not apply, but if any sum recovered is in substance or documented as excise duty, the recovery provision is attracted-a factual determination based on documents and how the amount is presented and collected. Circulars Central Excise Mon, 12 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=409