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TMI BlogEffective rate of duty of 1% on specified goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir I have a unit in Delhi as a jewellery manufacturer, I am taking cenvat of 9.35% on the gold bar and paying 12.5% excise duty on the jewellery tarriff 7113 . In the same unit can I purchase Gold bar and without taking cenvat charge 1% excise duty on jewellery . means I pay the duty on purchase to purchase basis 1% where no cenvat taken and 12.5% where I have taken the cenvat and make seper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate accounts. Or I have to stick to one option of taking cenvat or no cenvat in the whole year. - Reply By Himansu Sha - The Reply = It appears notf. No. 12/12 CE has put any precondition of only one option of rate of duty during clearances. - Reply By KASTURI SETHI - The Reply = No hybrid procedure is allowed. Agreed with Sh. Himanshu Sha, an expert. - Reply By arun aggarwal - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = Sir, Tnx for your reply. Further I belive that it has nothing to do with [ Notification No. 44/97-C.E. (N.T.), dated 30-8-1997 ] Tnx for your reply in advance arun - Reply By KASTURI SETHI - The Reply = Notification No.44/97-CE(NT) pertains to compounded levy scheme and has nothing to do with Notification No.12/12-CE . I fail to understand why this question/point arose. Howeve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, any doubt, you may ask further. - Effective rate of duty of 1% on specified goods - Query Started By: - arun aggarwal Dated:- 30-3-2017 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management 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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