Excise Duty Refund as per Notification Number 17/2008

Anand Sharma (Service) (52 Points)

30 November 2010  

Hi,

Please let me know with example, that how much exemption can be availed from the excise department in the following case as per the notification No.17/2008 or 20/2007 issued in the interest of North Eastern State.

X company produced one product (which come under chapter of  first schedule called - any chapter i.e, - 36% refund applicable) on which he has to pay excise duty amounted Rs.150 Per Unit.

1st Option

X company make the payment of Rs.150 in the following fashion i.e, Rs.100 through RG i.,e Cenvat on inputs materials and balance of Rs.50 through PLA. in this case my question is whether the X company is elegilbe for 36% on Rs.150 or Rs.50. Please elaborate the issue wich latest case if any and details of provison of tax.

IInd Option

X compnay make the total payment of Rs.150 through RG i.e, CENVAT. in this case whether the refund is elegible as per the said notification.

Please also know whether edcation cess and higher education cess also elegible under this notification for refund.