TMI BlogTariff Notification No. 12/2016 dated 01-03-2016X X X X Extracts X X X X X X X X Extracts X X X X ..... Respected Sir, We have Mfg. Cleared goods 8413.70.10 - Submersible Pump and 8413.91.20 - Submersible Spares As per the tariff notification no. 12/2016 Sl. No. (xvi) adding serial no 235A. Please suggest from 01-03-2016 rate of duty for 8413.91.20 - Submersible Spares is 6% or 12.50% Note: We have cleared 8413.91.20 - Submersible Spares upto 29-02-2016 at 12.50% rate of duty. Best Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gard, Chirag Jain - Reply By Mukund Thakkar - The Reply = Chapter 84 : 1 ) Basic Excise Duty on 5 specified parts required for the manufacture of centrifugal pump is being reduced from 12.5% to 6%, subject to actual user condition. Notification No. 12/2012-Central Excise, dated 17th March, 2012 as amended by Notification No. 12/2016-Central Excise dated 1st March, 2016 [New ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... S. No. 235A] refers. 2) Accessories of goods falling under tariff item 8426 41 00 , heading 8427, 8429 and sub- heading 8430 10 are being included for the purposes of RSP based assessment of excise duty. S. No. 109 of Notification No.49/2008-Central Excise (N.T.), dated 24 th December, 2008 as amended vide notification No. 12/2016-Central Excise (N.T.), dated 1st March, 2016 and Clau ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se 142 (i) of the Finance Bill, 2016 refer. The Third Schedule to the Central Excise Act, 1944 is also being amended so as to include therein these accessories. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this change will come into force with immediate effect. If you are manufacturer of centrifugal pumps parts. Excise duty is applicable of 6%. as per you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r query you are manufacurer of submersible spare. please check technicality between centrifugal pump and submersible pump. - Reply By Mukund Thakkar - The Reply = 235A 8413 91 or 8501 31 19 The following goods for use in manufacture of centrifugal pumps falling under tariff item 8413 70 10, namely:- (i) Shafts (ii) Sleeve (ii ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i) Chamber (iv) Impeller (v) Washer (vi) Electric motor 6% - Reply By Mukund Thakkar - The Reply = if you are manufacturer of (i) Shafts (ii) Sleeve (iii) Chamber (iv) Impeller (v) Washer (vi) Electric motor than your rate of duty will be 6%. not on for submeriseble pump.. - Reply By Chirag Jain - The Reply = Respected Sir, Thanks for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... your prompt reply...... please explain colounm No. 6 (Condition 2) as per Notification No. 12/2016 Central Excise dated 1st March, 2016 [New S. No. 235A]. Regards Chirag Jain - Reply By Mahir S - The Reply = Condition 2 is not applicable to you,, so just ignore it.. - Reply By Kirti Kothari - The Reply = Hi Sir, We are manufacturing centrifugal pumps for food industries, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... last year as per the notification 12/2014 we have collected central excise @ 6% on the sales during last year. we request you to inform what is the existing tariff for the same and what duty has to be collected on centrifugal pumps this 2016. best regards Kirti Jain - Tariff Notification No. 12/2016 dated 01-03-2016 - Query Started By: - Chirag Jain Dated:- 1-3-2016 Central Excise - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Got 6 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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