Rule 6 Amendment yet to Come.
We had also noted in that DDT,
This 10% payment made its appearance when the CCR, 2002 gave way to CCR, 2004 on 10.09.2004. Earlier, it was 8% since the day such a rule came into being on 01.09.1996 in the form of rule 57CC, 57AD of CER, 1944, rule 6 of CCR, 2001. Incidentally, when it was made 10% on 10.09.2004, the 2% Education Cess was already in vogue since 09.07.2004. Although the Secondary & Higher Education Cess of 1% came to be imposed since 01.03.2007, the percentage of 10% amount still continued.
The Union Budget, 2008 also failed to address this 10% factor suggesting that it is an "amount fixed" and would remain constant, come what may.
Now, that the CENVAT duties have been reduced by four percentage points across the board, except, of course in respect of petroleum products, this 10% amount to paid on the value of the exempted goods certainly needs a correction.
This correction is yet to come.