advice regarding notification
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....dvice regarding notification<br> Query (Issue) Started By: - Anil Jangid Dated:- 26-1-2016 Last Reply Date:- 27-1-2016 Central Excise<br>Got 3 Replies<br>Central Excise<br>WE ARE MANUFACTURING SAUCE U....
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....NDER TARIFF NO.210390390 & TAKING ABATEMENT 35% AS PER NOTIFICATION NO.11/2011 & CHARGE EXCISE DUTY 2% AS PER NOTIFICATION NO.1/2011. BUT WE ARE PUZZLING BECAUSE NOTIFICATION NO.11/2011,ALSO MENTIONE....
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....D 35% ABATEMENT ON SAUCE. YOU ARE REQUESTED TO GUIDE WHY WE ARE NOT ABLE FOR TAKING BOTH ABATEMENT & CHARGING CONCESSIONAL DUTY 2%. Reply By CS SANJAY MALHOTRA: The Reply: Dear Anil, Benefits unde....
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....r both the Notifications are available. Both the notifications are different in the manner that 11/2011-CE (NT) provides for abatement% from the MRP for the purpose of Valuation i.e. arriving at Asse....
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....ssable Value for levy of Excise Duty, whereas Notification No. 01/2011 CE provides for Duty Rate on exempted goods without availing the CENVAT facility. 11/2011-CE (NT) : Meant for Valuation of Goods....
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.... for levy of Excise. 01/2011- CE : prescribes the Excise Duty Rate % to be charged with condition of non-availment of CENVAT. Reply By Anil Jangid: The Reply: Dear sir, Can we take notification of....
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.... the both the notification abatement and concessional rate of duty. Reply By CS SANJAY MALHOTRA: The Reply: Dear Anil, Yes. Also please note that the Notification No, 1/2011-CE prescribes duty rat....
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....e on Exempted goods.<br> Discussion Forum - Knowledge Sharing ....
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