tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2010
what is stowing excise duty?...
08 December 2010
Coal Mines (Conservation & Development) Act. (CCDA) 1974 was enacted soon
after the Nationalization of Coal Industry with the objective of providing conservation of coal
and development of coal mines in the country. Under Section 6 of the Act, an Excise duty
(commonly termed as Stowing Excise Duty or SED) is levied on the coal dispatched at rates,
not acceding Rs. 10 per tonne. The current rate of SED is Rs. 10 per tonne to be paid to the
Coal Controller Organization.
In each financial year, SED so collected is reimbursed (as per norms) by the Central
Government to different coal companies based on the expenditure incurred on the work
executed for undertaking stowing, protective works and infrastructure development jobs.
after the Nationalization of Coal Industry with the objective of providing conservation of coal
and development of coal mines in the country. Under Section 6 of the Act, an Excise duty
(commonly termed as Stowing Excise Duty or SED) is levied on the coal dispatched at rates,
not acceding Rs. 10 per tonne. The current rate of SED is Rs. 10 per tonne to be paid to the
Coal Controller Organization.
In each financial year, SED so collected is reimbursed (as per norms) by the Central
Government to different coal companies based on the expenditure incurred on the work
executed for undertaking stowing, protective works and infrastructure development jobs.
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