Excise on bicycle parts
This query is : Resolved
03 December 2012
Dear Sir,
We will start manufacture of bicycle accessories.(chpter headign no.87120090.)
our customer request us for charge 2% Excise in invoice. but we study in this case.....we have 2 options available.
1)charge 2% but we cant take credit on raw material / input services.
2)charge 6% but we can take credit on raw material / input services.
Please confirm me is above information correct ?
Give me extra information which u know already.
Thanks
Regards,
Rajenda
We will start manufacture of bicycle accessories.(chpter headign no.87120090.)
our customer request us for charge 2% Excise in invoice. but we study in this case.....we have 2 options available.
1)charge 2% but we cant take credit on raw material / input services.
2)charge 6% but we can take credit on raw material / input services.
Please confirm me is above information correct ?
Give me extra information which u know already.
Thanks
Regards,
Rajenda
05 December 2012
You are right without cenvat 2% excise duty and with cenvat 6% excise duty. Upto the 1.5cr exemption will be available to all unit.
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