Advisory Committee on Abatement

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..... F.No.354/30/2005-TRU dated 3.5.2005 and a Press Release to this effect was also issued on the same day. The Government has been receiving representations seeking increase in the level of abatement for the purpose of levy of excise duty and service tax. It has been observed that in a number of cases, the representations from the trade and industry for increase in the level of abatement have come w .....

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..... the nature of trade margins and discounts. · Calculation based on the actuals of different segments of the industry (small, medium and large) and of recent data. Trade and Industry Associations are requested to advise their members to follow these instructions so as to facilitate the Advisory Committee to decide on such representations expeditiously. (R.Sriram) Deputy Secretary Tel: 23092634 F .....

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