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Excise on intermediate goods

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bharat pareek

bharat pareek (Querist)
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06 June 2013 We manufacture urea, an exempted good under notif 12/2012 (taxable @ 1% provided cenvat is not taken on input and input services).

Ammonia (taxable good) is also manufactured by us which is used as a raw material for manufacturing urea. Ours is a 'continuous process plant'. Will we have to pay excise duty on ammonia (intermediate product) since urea is an 'exempted good'?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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21 June 2013 If valuation of manufacturing for Ammonia is upto 1.5cr then no need to pay excise duty. after 1.5cr you need to pay excise duty on manufacturing of intermediate goods(ammonia).

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