https://www.taxtmi.com/forum/issue?id=110204 Most items are treated under Tariff heading 2106 90 99 with MRP valuation admitting a 35% abatement and an ad valorem duty at the general rate of 12.5%. A concessional notification permits a reduced ad valorem duty when the manufacturer elects not to take CENVAT credit, subject to notification conditions; if CENVAT credit is taken a higher duty rate applies. Retail potato chips may instead fall under Chapter 2005 by tribunal authority, affecting classification and applicable duty. en-us Tue, 19 Apr 2016 17:32:07 +0530 Thu, 23 Jan 2025 15:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110204 Most items are treated under Tariff heading 2106 90 99 with MRP valuation admitting a 35% abatement and an ad valorem duty at the general rate of 12.5%. A concessional notification permits a reduced ad valorem duty when the manufacturer elects not to take CENVAT credit, subject to notification conditions; if CENVAT credit is taken a higher duty rate applies. Retail potato chips may instead fall under Chapter 2005 by tribunal authority, affecting classification and applicable duty. Discussion-Forum Central Excise Tue, 19 Apr 2016 17:32:07 +0530 https://www.taxtmi.com/forum/issue?id=110204