NCCD will be charged on Assessable value or on duty or MRP of Tobacco products
Query (Issue) Started By: – ramappa Nagappa Dated:- 9-5-2018 Last Reply Date:- 16-6-2018 Goods and Services Tax – GST
Got 7 Replies
GST
whether NCCD will be charged on Assessable value or on duty or MRP of Tobacco products
\nReply By KASTURI SETHI:
\nThe Reply:
\nAssessable value is to be arrived at after deducting the percentage of abatement from MRP. On that value NCCD will be computed.
\nReply By YAGAY and SUN:
\nThe Reply:
\nAbatement rate runs from a range 50% -55% for tobacco products depending on the classification and containing the pertcentage of tobacco in particulars product.
\nReply By KASTURI SETHI:
\nThe Reply:
\nSection 4A of Central Excise Act is<\/p>\n
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