https://www.taxtmi.com/article/detailed?id=1171 Two Notifications dated 1.3.2011 prescribe different excise treatments: Notification 1/2011-CE imposes a 1% ad valorem levy on many items formerly at nil tariff on condition that no Cenvat Credit is taken, with provisional tariff values increased to 5%; Notification 2/2011-CE establishes a general 5% effective rate without restricting Cenvat Credit. The overlap of coverage produces a choice problem for manufacturers and an ensuing risk of litigation, since goods falling under both notifications create conflicting duty and credit outcomes. en-us Tue, 01 Mar 2011 19:02:08 +0530 Tue, 01 Mar 2011 19:02:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1171 Two Notifications dated 1.3.2011 prescribe different excise treatments: Notification 1/2011-CE imposes a 1% ad valorem levy on many items formerly at nil tariff on condition that no Cenvat Credit is taken, with provisional tariff values increased to 5%; Notification 2/2011-CE establishes a general 5% effective rate without restricting Cenvat Credit. The overlap of coverage produces a choice problem for manufacturers and an ensuing risk of litigation, since goods falling under both notifications create conflicting duty and credit outcomes. Articles Central Excise Tue, 01 Mar 2011 19:02:08 +0530 https://www.taxtmi.com/article/detailed?id=1171