Excise duty exemption for solar water heater
This query is : Resolved
Paul C. J.
(Querist)
10 March 2015
We have not taken central excise registration for our company manufacturing Solar Water Heater as the item was exempted from Excise Duty vide Item-5 of List-8 of notification No.12/2012-Central Excise, dated 17th March.
But as per Notification No. 12/2015 Central Excise dated 1-3-2015 the exemption was withdrawn but the optional exemption is given, see details below.
Excise duty exemption is being withdrawn on solar water heater and system. Item-5 of List-8 of notification No.12/2012-Central Excise, dated 17th March, 2012 as omitted vide notification No.12/2015-Central Excise dated 1st March, 2015. Further, optional excise duty of Nil without CENVAT credit / 12.5% with CENVAT credit is being extended to solar water heater and system. Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended by notification No.12/2015-Central Excise dated 1st March, 2015 [new S. No. 238A] and Clause 104 of the Finance Bill, 2015 refer.
Can you inform me whether we required registration for our factory for availing optional exemption for Solar Water Heater.
But as per Notification No. 12/2015 Central Excise dated 1-3-2015 the exemption was withdrawn but the optional exemption is given, see details below.
Excise duty exemption is being withdrawn on solar water heater and system. Item-5 of List-8 of notification No.12/2012-Central Excise, dated 17th March, 2012 as omitted vide notification No.12/2015-Central Excise dated 1st March, 2015. Further, optional excise duty of Nil without CENVAT credit / 12.5% with CENVAT credit is being extended to solar water heater and system. Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended by notification No.12/2015-Central Excise dated 1st March, 2015 [new S. No. 238A] and Clause 104 of the Finance Bill, 2015 refer.
Can you inform me whether we required registration for our factory for availing optional exemption for Solar Water Heater.
Lalit Kumar
(Expert)
11 March 2015
The company should get the registration for factory and can avail optional exemption for Solar Water Heater, by filling Nil return.
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