Sauce
This query is : Resolved
23 January 2016
WE ARE MANUFACTURING SAUCE UNDER TARIFF NO.210390390 & TAKING ABATEMENT
35% AS PER NOTIFICATION NO.11/2011 & CHARGE EXCISE DUTY 2% AS PER NOTIFICATION NO.1/2011.
IN YOUR PREVIOUS REPLY YOU SAID THAT WE ARE ALSO CONCERN WITH NOTIFICATION NO.1/2011.& ABATEMENT IS NOT ALLOWABLE .BUT WE ARE PUZZLING BECAUSE NOTIFICATION NO.11/2011,ALSO MENTIONED 35% ABATEMENT ON SAUCE.
YOU ARE REQUESTED TO GUIDE WHY WE ARE NOT ABLE FOR TAKING BOTH ABATEMENT & CHARGING CONCESSIONAL DUTY 2%.
YOU ARE AGAIN REQUESTED TO CLARIFY PLEASE.
THANKING YOU,
REGARDS
RAJKUMAR GUTTI
35% AS PER NOTIFICATION NO.11/2011 & CHARGE EXCISE DUTY 2% AS PER NOTIFICATION NO.1/2011.
IN YOUR PREVIOUS REPLY YOU SAID THAT WE ARE ALSO CONCERN WITH NOTIFICATION NO.1/2011.& ABATEMENT IS NOT ALLOWABLE .BUT WE ARE PUZZLING BECAUSE NOTIFICATION NO.11/2011,ALSO MENTIONED 35% ABATEMENT ON SAUCE.
YOU ARE REQUESTED TO GUIDE WHY WE ARE NOT ABLE FOR TAKING BOTH ABATEMENT & CHARGING CONCESSIONAL DUTY 2%.
YOU ARE AGAIN REQUESTED TO CLARIFY PLEASE.
THANKING YOU,
REGARDS
RAJKUMAR GUTTI
23 January 2016
Sir please give me guidance
27 January 2016
Benefits under 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 Assessable 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 for levy of Excise.
01/2011- CE : prescribes the Excise Duty Rate % to be charged with condition of non-availment of CENVA
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 Assessable 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 for levy of Excise.
01/2011- CE : prescribes the Excise Duty Rate % to be charged with condition of non-availment of CENVA
27 January 2016
VERY,VERY THANKFUL FOR GIVING GUIDANCE.
REGARDS
RAJKUMAR GUTTI
REGARDS
RAJKUMAR GUTTI
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