27 June 2013
Our Co. is engaged in export of Handmade Carpets. we purchases the yarn from market after that gives to the contractors on jobwork basis who is not independent and carpets have been prepared. There after we have made export other than nepal and bhutan and also we have registered under SSI but we have not to pay excise duty in the financial year 2010-11 and earlier year. As i know Excise duty is not liable to pay on handmade carpet i.e. in other words there is exemption to pay exise duty on hand made carpets but we dont know that under what section or notification exemption have been given however, the said exemption has been withdrawn in budget 2011 vide notification no 1/2011 dated 01.03.2011
Please suggest me under what sections or notification exemption have been given to manufacturer upto financial year 2010-11 and whether the product is dutiable under the Excise Act or not in the financial year 2010-11.
Please solve the my query ASAP. I will be grateful to you
28 June 2013
Thanking You Sir, but I want to know the earlier notification no which has been issued before 01.03.2011 on the basis of which exeption have been claimed by Handmade carpet industry. Please reply me ASAP
CAclubindia
