https://www.taxtmi.com/forum/issue?id=103 Exemption of excise duty on specified commodities can alter tax incidence without guaranteeing consumer price reductions. Using Budget 2006 Notification No. 3/2006 (01.03.2006) and yeast as an example, the note explains that removal of statutory duty may leave the billed assessable price unchanged and allow manufacturers to retain the former duty amount as profit. It warns that notification-based exemptions can benefit producers rather than end users unless accompanied by measures to ensure pass-through, monitoring, and review. en-us Mon, 06 Mar 2006 10:26:57 +0530 Thu, 23 Jan 2025 15:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=103 Exemption of excise duty on specified commodities can alter tax incidence without guaranteeing consumer price reductions. Using Budget 2006 Notification No. 3/2006 (01.03.2006) and yeast as an example, the note explains that removal of statutory duty may leave the billed assessable price unchanged and allow manufacturers to retain the former duty amount as profit. It warns that notification-based exemptions can benefit producers rather than end users unless accompanied by measures to ensure pass-through, monitoring, and review. Discussion-Forum Central Excise Mon, 06 Mar 2006 10:26:57 +0530 https://www.taxtmi.com/forum/issue?id=103