Excise nil rate of duty
This query is : Resolved
Shah Devang S.
(Querist)
21 June 2014
we are Mfg. of Hyd. Pump Chapter Head tariff under 8416010 charges Duty 10.30% on sales
we sales sum of company which is made Agriculture namely combine harvester M/c under tariff Head 8433 our pump are use as a component/components in said M/c.
now company said our product combine harvester falls under Chapter 8433 you charges NIL rate of excise duty Please guide any notification which we charges "Nil" rate of duty or it is our side any required certificate from buyer party and any effect on Modvat which is we credit our side.
devang shah
we sales sum of company which is made Agriculture namely combine harvester M/c under tariff Head 8433 our pump are use as a component/components in said M/c.
now company said our product combine harvester falls under Chapter 8433 you charges NIL rate of excise duty Please guide any notification which we charges "Nil" rate of duty or it is our side any required certificate from buyer party and any effect on Modvat which is we credit our side.
devang shah
Arun Kumar Singh
(Expert)
21 June 2014
You should consult with any professional. If it will be exempt then you can not take the cenvat credit on exempted goods.
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