Goods exemt or not
This query is : Resolved
09 April 2012
we manufactured a product i.e. CHALK POWDER by mixing MARBLE WEST SLURRY(80%), MULTANI MITTI(10%) & CHAINA CLAY (10%).
so please tell to us that such product will be exempt or not ?
so please tell to us that such product will be exempt or not ?
09 April 2012
If you are talking about excise duty then it will be chargeable to excise duty if the product is listed in the tariff schedule of excise.
As per my knowledge, most of the commercially known product are chargeable to excise duty.
So, you need to see whether your product is mentioned in the tariff schedule, then it would chargable to duty.
The rate of exxcise duty at present is 12.36% without any exemption.
As per my knowledge, most of the commercially known product are chargeable to excise duty.
So, you need to see whether your product is mentioned in the tariff schedule, then it would chargable to duty.
The rate of exxcise duty at present is 12.36% without any exemption.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Ineligible ITC claimed
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
