CA. RAGHAV GARG (CHARTERED ACCOUNTANT) (710 Points)
05 August 2011Can anybody explain me that whether we can get of refund of Excise Duty paid on
1. Machinery 2. Input Materials 3. Packing Materials etc.
used in production of Non Excisable Product (RICE) which is further Exported.
Further the Factory is not 100% E.O.U.
Kindly also Mail UR Reply to ca.raghavgarg @ gmail.com
RAMESH KUMAR VERMA
( CS PURSUING )
(43848 Points)
Replied 05 August 2011
The benefit is now available for excise duties paid on raw materials, consumables, components, semi-finished goods, assemblies, sub-assemblies, intermediate goods, accessories, parts and packing materials required for manufacture of export goods. Sources of Energy such as high speed diesel, furnace oil etc. shall not be regarded as consumable and consequentially benefit of rule 12(1)(b) shall not be available on Source of Energy. Similarly, the rebate of Central Excise duty paid on equipment and machinery items in the nature of capital goods used in relation to manufacture of finished goods being shall not be allowed under rule 12(1)(b).
for more info:-Circular No. 129/40/95-CX dated 29/5/95
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