TaxTMI 
TaxTMI 
Payment of Duty - manufacturer
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....ayment of Duty - manufacturer<br> Query (Issue) Started By: - pravinchandra salian Dated:- 17-4-2009 Last Reply Date:- 18-4-2009 Central Excise<br>Got 2 Replies<br>Central Excise<br>The Rate of Excise....
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.... Duty has been reduced from 10% to 8% wef 24.02.09. In case of a manufacturer manufacturing dutiable and exempted goods and not maintain separate accounts of cenvat credit availed, the manufacturer sh....
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....all pay an amount equal to 10% of the value of exempted goods in terms of Rule 6(3) of CCR, 2004. In the issue under consideration inspite of reversing 10% whether the manufacturer can pay duty @8% on....
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.... the value of exempted goods. The goods are exempted by virtue of Notification and not by tariff itself. Reply By pravinchandra salian: The Reply: Replace the word "inspite" with instead of reversing....
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.... 10% Reply By Mukesh Kumar: The Reply: Yes, it is well settled that the exemptions notifications are optional. You can pay duty of central excise appropriate rate (8% or so) on clearance of those good....
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....s. In that there would not be any requirement to apply the provisions of rule 6 of cenvat credit rules 2004 with respect to these goods.<br> Discussion Forum - Knowledge Sharing ....