Can some one elaborate the difference (WITH DEFINITION IF POSSIBLE) between central excise rules and notifications?. Are both having the same legal status or is one subordinate to another? Why is it not possible to just add one rule instead of bringing out a notification? I want to clearly understand both in detail.
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 30 April 2011
Rules are constitutional and governed by ministry of finance, the execution power goes to respective ministry.
Notifications are made out for ease of implementation or conditional change in rules during implemention,
Notifications are used to clarify/ amend/ restrict the rules to certain extents.
Amit
(Accountant)
(261 Points)
Replied 01 May 2011
Thank u very much sir. I was disappointed that there were no replies. Thank you again sir.
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
