23 July 2011
Sir I am working in a construction company.We are doing an ADB project in Karnataka.We have excise duty exemption on cement and steel.How can we claim this exemption.Please give me a replay.
23 July 2011
Projects funded by ADB ( Asian Development Bank) are exempted from Excise duty.Certificate is issued by the Finance Secretary of the state stating the name of project, description of project & name of supplier eligible for exemption, description of material etc. Such exemption is under notification no 108/95. For availing exemption, application with requisite doc: to be submitted.
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