17 May 2010
Can assessee pay the duty 16% of excise duty as per the tariff act & apply rebate for the same instead of use excise duty reduced notification.
20 May 2010
For Removal from the factory of premises, we need to pay duty as per Budgetory changes-2010 i.e.10% not as 8 or 16%. The same will be used for Export on payment of duty with claim of Rebate.
24 February 2011
Instead of paying excise duty, and claiming rebate, you can remove the goods for export, without payment of duty, under running bond and if required Bond with bank guarantee. Both will be released as soon as you submit the shippng bill/proof of dispatch to the excise authorities.
CAclubindia
