Significance of Exemption Notifications

Although rate of duty may be mentioned in CETA but they may be made exempt by the Government

This is done by issuing exemption notification by Central Government.

This notification may either make Goods

  • Fully exempt (Duty is not charged)
  • Partially exempt (Duty charged at lower rate)

Conditions subject to which exemption is available is also specified in notification


Exam Questions

Question 8
Distinguish between tariff rate of excise duty and effective rate of excise duty.

View Answer
  1. Indirect Tax
  2. Excise

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.