https://www.taxtmi.com/caselaws?id=48996 The Tribunal resolved conflicting interpretations of duty calculation under Notification No. 2/95-C.E., dated 4-1-1995, in favor of calculating duty as 50% of the aggregate of customs duties. The retrospective amendment of Section 3 of the Central Excise Act by the Finance Act, 2000, aligned duty calculation for goods produced by 100% EOU with customs duties. The Tribunal held that the Circular dated 6-2-2001 could not override the specific duty calculation provision in the Notification. The impact of Notification No. 11/2002, dated 1-3-2002, amended duty exemption calculation to 50% of the aggregate of customs duties. The matter was referred for further consideration. en-us Mon, 28 Jun 2004 00:00:00 +0530 Sat, 07 Aug 2010 15:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48996 The Tribunal resolved conflicting interpretations of duty calculation under Notification No. 2/95-C.E., dated 4-1-1995, in favor of calculating duty as 50% of the aggregate of customs duties. The retrospective amendment of Section 3 of the Central Excise Act by the Finance Act, 2000, aligned duty calculation for goods produced by 100% EOU with customs duties. The Tribunal held that the Circular dated 6-2-2001 could not override the specific duty calculation provision in the Notification. The impact of Notification No. 11/2002, dated 1-3-2002, amended duty exemption calculation to 50% of the aggregate of customs duties. The matter was referred for further consideration. Case-Laws Central Excise Mon, 28 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48996