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Excise duty on iron ore

This query is : Resolved 

My query is wheather there is excise duty on sale of beneficiated Iron ore
We bring Iron ore in lumps form and after processing sell it as iron ore lumps and fines I would like to know the status of excise duty on such an ore

Excise duty would be charged as per the tariff rate of excise duty.

Excise duty would be charged as per the tariff rate of excise duty.

Iunderstand that it will be charged as per the tariff rate but as per 4/2006 iron ore is exmpted from excise duty so please tell me wheather there is any excise duty on iron ore at present

In my opinion that notification is still alive for NIL duty in the instant matter.

You are right the notification is still alive. This notification was issued on the basis of manufacturing aspects whether the process of ore to concentrate by grinding and washing with the help of machineries is amount to manufacture or not. Before the issuance of this notification ore was charged to excise duty as per tariff.

Now as per chapter note No.4 to chapter 26 of tariff, which has been inserted from the budget 2011-12, the process of converting ore into concentrate is amount to manufacture, therefore, liable to duty as per tariff with effect from 01.08.2011, the date of enactment of finance bill, 2011.

Dear Mr.Pawan kumar
Please note We are not manufacturing iron ore concentrate but we are only upgrading the ore contents from lower to higher hence it may not coming under concentrate as per your above insertion .
shashi Kant Gupta



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