what is the effective rate of duty if rate of duty is 14% on date of manufacture and rate of duty is not mentioned in ceta on date of removal?
as far as i know exice is charged in produced /manufactured goods only..
Excise duty is a duty on manufacture or produced of excisable goods in India. Goods must be moveable and marketable. New & identifiable product known in the market should emerge, except in case of deemed manufacture. Clearances of goods are not the taxable event i.e., manufacturing activity is taxable event.
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