as i read "goods mentioned in ceta do not need that it is excisable"
anybody tell me the meaning and example of these lines...?
rajeev
ca final
rajeev kumar (CA FINAL) (32 Points)
14 June 2010as i read "goods mentioned in ceta do not need that it is excisable"
anybody tell me the meaning and example of these lines...?
rajeev
ca final
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 14 June 2010
The goods mentioned in CETA are excisable with the rates prescribed therein. but there may be any exemption notification regarding the exemption u/s 5.
That means we have to check if the goods are mentioned in CETA and no exemption notification is in effect on that item.
Hope I am correct.
rajeev kumar
(CA FINAL)
(32 Points)
Replied 15 June 2010
thanx..
bt do have any related case law aur example of it...
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 22 December 2010
CETA is classification
applicable rate may be zero even
CAclubindia
