27 February 2013
My client sales the furniture & its part thereof consisting metal & wood to College - University. College has taken exemption under research & development for the payment of any duty. In this case, can my client issue excisable invoice with 0% of excise duty rate? If no, then whether he had to bear excise duty at his own? Give me exemption notification number for the same.
27 February 2013
I think that Exemption is not allowed on furniture & its parts to college-university as per concern notification. This is applicable only for research & development instruments, apparatus,accessories, , computers, software etc. Hence, your client should charge applicable duty on such sale. Notification no. is not remembered at this moment. I will search it later. Thanks Rajeev Kumar Garg (M.Com, L.L.B.) Consultant (Excise, Customs & Service Tax) Ph. no. +91 7500802402
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