AAR: Security Excise Labels printed on job-work basis as per requirement of Dept. of Excise, taxable at 12%

Karnataka AAR holds that rate of tax applicable on Security Excise Labels under HSN Code 4911 is 12%; Observes that, Applicant has entered into agreement with Manipal Technologies Ltd. for purpose of printing an supply of security excise labels on job-work basis as per requirement of Dept. of Excise, Govt. of Karnataka; Notes that the primary use of Security Excise Labels is security, further that akin to Note No. 2 to Entry 49 in Central Excise Tariff, a similar Note No. 12 ...