https://www.taxtmi.com/notifications?id=6649 Notification replaces prior measure with duty payable on value addition, prescribing tabled percentage rates by chapter/description and capping payable duty at the cash duty actually paid (excluding CENVAT). It requires monthly submission of duty and CENVAT utilisation statements to the Assistant/Deputy Commissioner, who shall verify and refund the duty payable on value addition; manufacturers may instead elect to take computed credit in an account current subject to reporting, verification, reversal of excess credit, and recovery mechanisms. A process is provided to seek a Commissioner-fixed special rate based on audited prior-year value addition with provisional refunds and subsequent adjustments. en-us Thu, 27 Mar 2008 00:00:00 +0530 Sat, 11 Oct 2008 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6649 Notification replaces prior measure with duty payable on value addition, prescribing tabled percentage rates by chapter/description and capping payable duty at the cash duty actually paid (excluding CENVAT). It requires monthly submission of duty and CENVAT utilisation statements to the Assistant/Deputy Commissioner, who shall verify and refund the duty payable on value addition; manufacturers may instead elect to take computed credit in an account current subject to reporting, verification, reversal of excess credit, and recovery mechanisms. A process is provided to seek a Commissioner-fixed special rate based on audited prior-year value addition with provisional refunds and subsequent adjustments. Notifications Central Excise Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6649