TaxTMI 
TaxTMI 
How to shift from 01/2011 to 01/2012 in centeral excise.
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....ow to shift from 01/2011 to 01/2012 in centeral excise.<br> Query (Issue) Started By: - Anil Jangid Dated:- 16-1-2016 Last Reply Date:- 17-1-2016 Central Excise<br>Got 5 Replies<br>Central Excise<br>I think you all know that 01/2011 stands for the rate of excise duty with out input tax credit i.e 2% (1st scheme) whereas 02/2011 stands for the rate of excise duty with input credit i.e 6% (2nd schem....
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....e). Now my question is if a person following the first scheme want to shift to second scheme. Can he shift like that. If possible, Please tell me the procedure also. Please reply as soon as possible. it is urgent. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Do you mean 01/2011 and 02/2011 are the notifications of Central Excise? Reply By Anil Jangid: The Reply: yes notification Reply By Raja....
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....gopalan Ranganathan: The Reply: Sir, Both Notifications do not stipulate any condition that option to avail these Notification shall be filed with the Department and once the option is exercised it cannot be changed during the Financial Year in which such option was exercised. Therefore you can switch over from one Notification to other at any you wish to change provided you comply with the cond....
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....itions stipulated in Notification No. 1/2011. No conditions stipulated in respect of Notification No. 2/2011. Reply By KASTURI SETHI: The Reply: This is a repeat question. Why again ??? Reply By Ganeshan Kalyani: The Reply: Please share the issue id. Also the queriest can find the intended query to find in search option first. This will help them to get instant reference.<br> Discussion Forum -....
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