TaxTMI 
TaxTMI 
Whether Finance act prevail over notification or Vice-versa ?
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....hether Finance act prevail over notification or Vice-versa ?<br> Query (Issue) Started By: - Praveen Kumar Dated:- 1-10-2015 Last Reply Date:- 1-10-2015 Central Excise<br>Got 2 Replies<br>Central Exci....
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....se<br>Dear Experts, We (manufacturer) charging excise duty @6% based on the notification no. 12/2012 under tariff no.1790 whereas in the union budget 2015-16 under the same tariff heading the rate of....
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.... excise duty is given as 12.5%. which rate to be followed ?? Please revert back to the query Reply By Praveen Kumar: The Reply: small correction to the above query tariff heading is 1704 not 179....
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....0. Reply By Rajagopalan Ranganathan: The Reply: Sir, For all goods falling under heading No. 1704 the tariff rate is 12.5% adv. Under Notification No. 12/2012-CE dated 17.3.2012 as amended effectiv....
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....e rate (that is, concessional rate) of duty for goods falling under sub-heading 1704 90 is fixed as 6%. 6% duty is applicable only to sugar confectionery (excluding white chocolate and bubble gum) fal....
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....ling under sub-heading 1705 90.<br> Discussion Forum - Knowledge Sharing ....