10/97

This query is : Resolved

kailash garg (Querist)
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31 July 2015 Dear sir,

we are despatching material to research instution which provide us 10/97 Duty Exemptiom Certificate

so please claer excise amount showing in invoice or not

excise Duty Rate for reverse in our RG23partII

and any other rule so pleae provide us

kailash garg 9845880630

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 August 2015 Kailash Ji,

Refer to custom Notification No.28 dtd 1st october, 2013

The Manufacturer produce at the time of clearance , a certificate from the head of the institution in the each case, certifying the said goods are required for

"research only"

and

the aggregate value of the prototypes received by an institution does not exceed 50 thousands rupees in a financial year.

in view of above"you have to maintain separate records and your are not eligible to avail credit on inputs used in exempted final goods. Other wise you have to pay 6% on assessable value.