Excise Duty: CBIC has addressed the revised monetary limits for the adjudication of show cause notices in Central Excise for commodities classified under Chapter 24 of Schedule IV of the Central Excise Act, 1944 (05.07.2024)

EXCISE DUTY:

CBIC has addressed the revised monetary limits for the adjudication of show cause notices in Central Excise for commodities classified under Chapter 24 of Schedule IV of the Central Excise Act, 1944.

Superintendent: Not exceeding Rupees 20 lakh

Deputy or Assistant Commissioner: Above Rupees 20 lakh but not exceeding Rupees 2 crore

Additional or Joint Commissioner: Above Rupees 2 crore without any limit

[Circular No. 1086/01/2024-CX, dated July 3, 2024,]

Leave a Comment

Your email address will not be published. Required fields are marked *