Taxability of excise duty on sumbersible pump
This query is : Resolved
29 August 2011
if a manufacturer of sumbersible pump whose turnover less than 150 lacs than also such item is taxable in excise act.
30 August 2011
submercible pumps are 8413, effective rate of duty 8% +EC+S&HEC, SSI benefit of 150 Lacs available, without input credit.
Branded goods are not covered under 150L exemption.
http://www.cbec.gov.in/excise/cx-act/notfns-2k6/cex1006.pdf
item 17
Branded goods are not covered under 150L exemption.
http://www.cbec.gov.in/excise/cx-act/notfns-2k6/cex1006.pdf
item 17
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