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EXCISE DUTY

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..... EXCISE DUTY
Query (Issue) Started By: - JAYARAMAN RAMAMURTHY Dated:- 31-7-2014 Last Reply Date:- 2-8-2014 Central Excise
Got 4 Replies
Central Excise
SIR SAY, I AM A GEAR MANUFACTURER AND MY GEARS ARE SUPPLIED TO A VEHICLE MANUFACTURER WHO IN TURN EXPORTS HIS VEHICLE. AS A GEAR MANUFACTURER, AM I ELIGIBLE TO SOURCE MY INPUTS WITHOUT EXCISE DUTY (SINCE MY GEARS ARE GETTING EXPORTED UL .....

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..... TIMATELY)? ARE THERE ANY EXEMPTION RULES? PL GUIDE ME REGARDS JR Reply By Rajagopalan Ranganathan: The Reply: Dear Shri.Jayaraman Ramamuthy, Your Customer who is exporting the motor vehicles has to follow the procedure prescribed in Notification No. 43/2001-CE (NT) dated 26.6.2001. Then you can supply the gears without payment of duty to your customer. Otherwise, you have to pay duty on the .....

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..... gears when you clear the same from your factory and your customer can take credit of duty paid by you and can claim refund of the credit under rule 5 of Cenvat Credit Rules, 2004 or he can pay duty on the motor vehicles exported by him and claim rebate of such duty paid under rule 18 of Central Excise rules, 2002. Reply By MUKUND THAKKAR: The Reply: Dear, Ask your customer to provide you CT-3, .....

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..... you will get it relief from excise duty. ultimate product will be exported, Mukund Thakkar Reply By Pradeep Khatri: The Reply: CT-1 or CT-3 ?? Reply By MUKUND THAKKAR: The Reply: Dear please read CT-1 i/o CT-3. Thnx for correction, Pradeep sir, Mukund Thakkar
Discussion Forum - Knowledge Sharing .....

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