Whether Finance act prevail over notification or Vice-versa ?

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..... Whether Finance act prevail over notification or Vice-versa ?
Query (Issue) Started By: - Praveen Kumar Dated:- 1-10-2015 Last Reply Date:- 1-10-2015 Central Excise
Got 2 Replies
Central Exc .....

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..... ise
Dear Experts, We (manufacturer) charging excise duty @6% based on the notification no. 12/2012 under tariff no.1790 whereas in the union budget 2015-16 under the same tariff heading the rate o .....

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..... f excise duty is given as 12.5%. which rate to be followed ?? Please revert back to the query Reply By Praveen Kumar: The Reply: small correction to the above query tariff heading is 1704 not 17 .....

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..... 90. Reply By Rajagopalan Ranganathan: The Reply: Sir, For all goods falling under heading No. 1704 the tariff rate is 12.5% adv. Under Notification No. 12/2012-CE dated 17.3.2012 as amended effecti .....

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..... ve rate (that is, concessional rate) of duty for goods falling under sub-heading 1704 90 is fixed as 6%. 6% duty is applicable only to sugar confectionery (excluding white chocolate and bubble gum) fa .....

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..... lling under sub-heading 1705 90.
Discussion Forum - Knowledge Sharing .....

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