Payment of 1% or 2% Central Excise duty instead of 12%, Central Excise

[Sanjeev Chauhan]

Respected All,

Kindly guide regarding payment of 1 percent or 2 percent c.ex. duty instead of 12 percent duty subject to non availment of Cenvat Credit.

Please guide alongwith Circular No. or Notification No. or Rules etc.

 

Regards,

Sanjeev.

Posts / Replies

[CA. Surender Gupta]

You may see and updated Notification No. 01/2011-CE regarding list of items eligible for 2 percent of duty of excise without availing Cenvat Credit

Central Excise - CE - 01/2011-Central Excise - 01-03-2011

[DHEERAJ SETHI]

 Notification No. 01/2011-CE dated 01-03-2011 as amended, provides exemption from payment of central excise duty as in excess of 1 percent or 2 percent [as the case may be] on the excisable goods as mentioned there under.