10/97
This query is : Resolved
31 July 2015
Dear sir,
we are despatching material to research instution which provide us 10/97 Duty Exemptiom Certificate
so please claer excise amount showing in invoice or not
excise Duty Rate for reverse in our RG23partII
and any other rule so pleae provide us
kailash garg 9845880630
we are despatching material to research instution which provide us 10/97 Duty Exemptiom Certificate
so please claer excise amount showing in invoice or not
excise Duty Rate for reverse in our RG23partII
and any other rule so pleae provide us
kailash garg 9845880630
01 August 2015
Kailash Ji,
Refer to custom Notification No.28 dtd 1st october, 2013
The Manufacturer produce at the time of clearance , a certificate from the head of the institution in the each case, certifying the said goods are required for
"research only"
and
the aggregate value of the prototypes received by an institution does not exceed 50 thousands rupees in a financial year.
in view of above"you have to maintain separate records and your are not eligible to avail credit on inputs used in exempted final goods. Other wise you have to pay 6% on assessable value.
Refer to custom Notification No.28 dtd 1st october, 2013
The Manufacturer produce at the time of clearance , a certificate from the head of the institution in the each case, certifying the said goods are required for
"research only"
and
the aggregate value of the prototypes received by an institution does not exceed 50 thousands rupees in a financial year.
in view of above"you have to maintain separate records and your are not eligible to avail credit on inputs used in exempted final goods. Other wise you have to pay 6% on assessable value.
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