notification 10/97
This query is : Resolved
15 June 2009
Dear Experts,
pls tell me, if any govt. concern company like BARC/ RCF purchase material from manufacturer who is under excise & issue them certificate of notification 10.97 then whether that manufacturar has to pay excise duty on sale of their goods or due to receiving exemption certificate they were not liable to pay excise. Or if duty is compulsary than how it is calculated. pls advice.
thanks.
pls tell me, if any govt. concern company like BARC/ RCF purchase material from manufacturer who is under excise & issue them certificate of notification 10.97 then whether that manufacturar has to pay excise duty on sale of their goods or due to receiving exemption certificate they were not liable to pay excise. Or if duty is compulsary than how it is calculated. pls advice.
thanks.
Madhukar N Hiregange
(Expert)
17 June 2009
NO CED to be charged. However the credit on the input materials used for the same as well as the input services would not be admissible for credit. Pl see Rule 6 of the cenvat credit rules.
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