Clarification regarding notification no 01/2011-ce
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2014
A excise duty of 1% was imposed on a total of 130 products through notification no. 01/2011 01.03.2011. For the products that attracted nil rate of duty a statutory tariff rate was fixed at 5% whereas for all the remaining products a general effective rate of 5% through notification no. 02/2011-CE dated 01.03.2011 was introduced. now my question is can the products not covered under Not. no. 02/2011-CE pay duty @5% as given in tariff (Statutory rate), if so will they be able to avail cenvat credit facility?
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2014
Is there any ambiguity regarding this query? Some one please be kind enough to address the same? I shall be ever so grateful.
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