EXCISE DUTY
Form ER - 8 notified for manufacturers paying 1 % excise duty
Budget 2011-12 had withdrawn the exemption from central excise duty available on 130 items. A nominal duty of 1 % ad valorem has been imposed on these items with the condition that no credit of the duty paid on input and input services is taken.
The Board has now issued a notification specifying a new quarterly return “Form E.R.- 8” to be submitted by the assessees clearing goods by paying excise duty @ 1%.
[Notification No. 15/2011-CE (NT) dated 30.06.2011]
The complete text of the above notification is available at http://www.cbec.gov.in/.
Form ER - 8 notified for manufacturers paying 1 % excise duty
Budget 2011-12 had withdrawn the exemption from central excise duty available on 130 items. A nominal duty of 1 % ad valorem has been imposed on these items with the condition that no credit of the duty paid on input and input services is taken.
The Board has now issued a notification specifying a new quarterly return “Form E.R.- 8” to be submitted by the assessees clearing goods by paying excise duty @ 1%.
[Notification No. 15/2011-CE (NT) dated 30.06.2011]
The complete text of the above notification is available at http://www.cbec.gov.in/.
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