NCCD will be charged on Assessable value or on duty or MRP of Tobacco products

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..... whether NCCD will be charged on Assessable value or on duty or MRP of Tobacco products - Reply By KASTURI SETHI - The Reply = Assessable value is to be arrived at after deducting the percentage of abatement from MRP. On that value NCCD will be computed. - Reply By YAGAY and SUN - The Reply = Abatement rate runs from a range 50% -55% for tobacco products depending on the classification and cont .....

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..... aining the pertcentage of tobacco in particulars product. - Reply By KASTURI SETHI - The Reply = Section 4A of Central Excise Act is applicable. - Reply By YAGAY and SUN - The Reply = Please refer appendix XI - MRP Based assessment - Percentage of abatement read with Schedule III of the C.E.Tariff and appendix X of the NCCD i.e. Seventh Schedule to Finance Act, 2001 (section 136) - .....

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..... Reply By Manoj Jain - The Reply = Whether NCCD is applicable on chewing tobacco and cigarette , if yes , how to deposit it because GST Portal is not having any option to deposit it ? - Reply By KASTURI SETHI - The Reply = 13. Is NCCD leviable on tobacco products from 1st July, 2017? What will be the method of valuation for levy of NCCD? NCCD sh .....

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..... all continue to be levied on tobacco and tobacco products at the rates as applicable prior to 1st July, 2017. Since NCCD is a duty of excise, the valuation for the purposes of charging NCCD shall be as per the Central Excise Law read with the Valuation Rules under Central Excise Law. - Reply By KASTURI SETHI - The Reply = This is an extract of FAQ. GST applicable. No know .....

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..... ledge on this issue about Common Portal System. - NCCD will be charged on Assessable value or on duty or MRP of Tobacco products - Query Started By: - ramappa Nagappa Dated:- 9-5-2018 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

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..... a.com - TMI - TaxTMI - TMITax .....

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