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TMI BlogPayment of Duty - manufacturerX X X X Extracts X X X X X X X X Extracts X X X X ..... The Rate of Excise Duty has been reduced from 10% to 8% wef 24.02.09. In case of a manufacturer manufacturing dutiable and exempted goods and not maintain separate accounts of cenvat credit availed, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he manufacturer shall pay an amount equal to 10% of the value of exempted goods in terms of Rule 6(3) of CCR, 2004 . In the issue under consideration inspite of reversing 10% whether the manufactu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rer can pay duty @8% on the value of exempted goods. The goods are exempted by virtue of Notification and not by tariff itself. - Reply By pravinchandra salian - The Reply = Replace the word "inspite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... " with instead of reversing 10% - Reply By Mukesh Kumar - The Reply = Yes, it is well settled that the exemptions notifications are optional. You can pay duty of central excise appropriate rate (8% or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so) on clearance of those goods. In that there would not be any requirement to apply the provisions of rule 6 of cenvat credit rules 2004 with respect to these goods. - Payment of Duty - manufacturer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Query Started By: - pravinchandra salian Dated:- 17-4-2009 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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