TaxTMI 
TaxTMI 
NCCD will be charged on Assessable value or on duty or MRP of Tobacco products
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....CCD will be charged on Assessable value or on duty or MRP of Tobacco products<br> Query (Issue) Started By: - ramappa Nagappa Dated:- 9-5-2018 Last Reply Date:- 16-6-2018 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>whether NCCD will be charged on Assessable value or on duty or MRP of Tobacco products Reply By KASTURI SETHI: The Reply: Assessable value is to be arrived at after deduct....
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....ing the percentage of abatement from MRP. On that value NCCD will be computed. Reply By YAGAY and SUN: The Reply: Abatement rate runs from a range 50% -55% for tobacco products depending on the classification and containing the pertcentage of tobacco in particulars product. Reply By KASTURI SETHI: The Reply: Section 4A of Central Excise Act is applicable. Reply By YAGAY and SUN: The Reply: P....
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....lease refer appendix XI - MRP Based assessment - Percentage of abatement read with Schedule III of the C.E.Tariff and appendix X of the NCCD i.e. Seventh Schedule to Finance Act, 2001 (section 136) Reply By Manoj Jain: The Reply: Whether NCCD is applicable on chewing tobacco and cigarette , if yes , how to deposit it because GST Portal is not having any option to deposit it ? Reply By KASTURI S....
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....ETHI: The Reply: 13. Is NCCD leviable on tobacco products from 1st July, 2017? What will be the method of valuation for levy of NCCD? • NCCD shall continue to be levied on tobacco and tobacco products at the rates as applicable prior to 1st July, 2017. • Since NCCD is a duty of excise, the valuation for the purposes of charging NCCD shall be as per the Central Excise Law read with t....
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....he Valuation Rules under Central Excise Law. Reply By KASTURI SETHI: The Reply: This is an extract of FAQ. GST applicable. No knowledge on this issue about Common Portal System.<br> Discussion Forum - Knowledge Sharing ....