TMI BlogAbatement for Excise duty or Service tax — Information sought by Advisory CommitteeX X X X Extracts X X X X X X X X Extracts X X X X ..... t of the Hon'ble Finance Minister in his Budget Speech 2005-06, the Ministry of Finance set up an Advisory Committee to advise the Government on abatement of excise duty and service tax vide Order 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 f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... over the different sections of the industry and is to be complete. In addition to other relevant information, the following information also needs to be furnished: Trade practice on sale pattern a 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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