Effective date of notification dt. 24.03.2011

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Manoj Adhikari (Querist)
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16 July 2011 Normally what is the effective date of any notification? There is a notification (No. 12/2011-Central Excise (N.T.))regarding assessible value for the purpose of excise of hosiery goods dated 24.03.2011. As per the notification, Assessible value for the purpose of excise shall be 45% of MRP instead of 60%. I want to know the effectifive date of this notification. Is it applicable on and after 24.03.2011 or after 24.03.2011(i.e. from 25.03.2011)? please help me.

U S Sharma

U S Sharma (Expert)
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17 July 2011 this is not a notification itself, its amendment to notification no 20/2001 CE(NT) dt 30/04/2001, which was effective from 1st may 2001

such change in abatement will take place on very next day of notification i.e 25/03/2011

Manoj Adhikari

Manoj Adhikari (Querist)
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18 July 2011 Thanks a lot sir.

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