https://www.taxtmi.com/notifications?id=6653 The amendment replaces the prior exemption basis with a duty payable on value addition assessed as percentage rates by tariff chapter and caps refund to duty paid other than by CENVAT credit. It mandates monthly statements, administrative verification and refund timelines, allows an account current credit option subject to an annual written election and reversal/recovery rules, and permits manufacturers to seek a Commissioner fixed special rate based on audited actual value addition with provisional refund and post fixation adjustment mechanisms. en-us Thu, 27 Mar 2008 00:00:00 +0530 Sat, 11 Oct 2008 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6653 The amendment replaces the prior exemption basis with a duty payable on value addition assessed as percentage rates by tariff chapter and caps refund to duty paid other than by CENVAT credit. It mandates monthly statements, administrative verification and refund timelines, allows an account current credit option subject to an annual written election and reversal/recovery rules, and permits manufacturers to seek a Commissioner fixed special rate based on audited actual value addition with provisional refund and post fixation adjustment mechanisms. Notifications Central Excise Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6653