Payment of excise duty on the goods on which duty was imposed in the Budget of 2002-03 - Regarding

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....Payment of excise duty on the goods on which duty was imposed in the Budget of 2002-03 - Regarding As you are aware, excise duty at the rate of 4% has been imposed on certain goods in this year's budget. This rate applies if the assessee does not opt for the CENVAT credit scheme. If the assessee opts for the CENVAT credit scheme, the rate of duty applicable is 16%. 2. In this context, the fo....