The concessional rate of excise duty of 2 % for manufacture of wireless data modem cards subject to the condition that no CENVET Credit of duties paid on inputs and input services has been discontinued. Further the unconditional concessional rate of excise duty of 6 % on the same products has also been rescinded.
[Ref: Notification No 20 & 21/2016- CE dated 05 May, 2016]
Note by Khaitan & Co, Advocates since 1911. For more information contact editors@khaitanco.com
