Payment of excise duty on the goods on which duty was imposed in the Budget of 2002-03 - Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the goods on which duty was imposed in the Budget of 2002-03 - Regarding As you are aware, excise duty at the rate of 4% has been imposed on certain goods in this year's budget. This rate applies if the assessee does not opt for the CENVAT credit scheme. If the assessee opts for the CENVAT credit scheme, the rate of duty applicable is 16%. 2. In this context, the following decisions have bee .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... turing the goods on which duty at the rate of 4%/16% has been imposed in the budget need not be insisted upon till 1st June, 2002. 3. It is requested that the above decisions may kindly be brought to the notice of all concerned, including the trade associations, immediately and the field officers duly instructed to comply with them. 4. Copy of amendment in Central Excise Rules, 2002 will follo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X