recently Amended Excise duty 10% to 12% in March 17th now we have some problem in filing ER-1 return same product Assessable Value and Cenvat how to mention
07 April 2012
You are required to make entry twice for particular commodity cleared during march-2012, once for clearance during 01/03/2012 to 16/03/2012 - central excise duty applicable at 10.30% and another for clearances of same commodity during 17/03/2012 to 31/03/2012- duty rate applicable at 12.36%. ----laxman
CAclubindia
