Excise duty on bicycle parts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2011 hum bicycle parts banatae hain aur M.V. parts bhee banate hain 1lekin bicycle parts par to duty nahi lagti to kya hum bicycle parts k liye jo raw material purchase karenge uska cenvet m.v. parts ki sale k liye use kar skte hain ki nahi. aur kya hum cycle parts ka banayange to us par excise duty lagaynage ya nahi .
agar nahi to kya hum us pae central excise notification likhanhgae

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 August 2011 if you can get cenvat credit then drawback will be reduced in respect of this case...

Querist : Anonymous

Querist : Anonymous (Querist)

11 October 2011 hum bicycle parts banatae hain aur M.V. parts bhee banate hain 1lekin bicycle parts par to duty nahi lagti to kya hum bicycle parts k liye jo raw material purchase karenge uska cenvet m.v. parts ki sale k liye use kar skte hain ki nahi. aur kya hum cycle parts ka banayange to us par excise duty lagaynage ya nahi .
agar nahi to kya hum us pae central excise notification likhanhgae?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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21 July 2024 Aapke sawaal ke anusaar, yadi aap bicycle parts aur motorcycle vehicle (M.V.) parts dono banate hain, to niche diye gaye prashno ke jawab is prakar honge:

1. **Cenvat Credit ka Istemal:**
- Cenvat credit ka istemal raw materials aur inputs par hota hai jo manufacturing process mein upayog kiye jaate hain. Yadi aap motorcycle vehicle parts ke liye raw materials purchase karte hain aur unhe bicycle parts ke liye istemal karte hain, to aap Cenvat credit ko use kar sakte hain, lekin iske liye kuch sharten aur niyamon ko poora karna hoga.
- Cenvat Credit Rules, 2004 ke tahat, aapko sahi documentation aur compliance ke saath raw materials par Cenvat credit le sakte hain, jo aapne motorcycle vehicle parts ke liye purchase kiye hain.

2. **Cycle Parts par Excise Duty:**
- Bicycle parts par excise duty lagane ki vyavastha 2017 mein GST ke lagoo hone ke baad samapt ho gayi hai. Isliye ab cycle parts par excise duty nahi lagta hai. GST ke antargat, bicycle parts par applicable GST rates lagu hote hain, jo aapki manufacturing cost mein shamil hote hain.
- Is prakar, aapko cycle parts banane ke liye excise duty ke liye koi notification nahi likhna hoga, kyunki ab yeh central excise ke adhinasthith nahi hai.

Samanya roop se, yadi aap motorcycle vehicle parts ke liye raw materials purchase karte hain aur unhe cycle parts ke liye use karte hain, to aap Cenvat credit ka istemal kar sakte hain, lekin aapko Cenvat Credit Rules ke anusaar saare niyamon ko dhyaan mein rakhna hoga. Agar aapko excise duty aur GST ke bare mein adhik jaankari chahiye, to ek qualified tax professional ya excise consultant se paramarsh lena uchit hoga, jo aapke specific circumstances ke anuroop salah pradaan kar sakte hain.

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