whta are the tax rate on RMC plant

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CA Vikas Agrawal (Querist)
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30 April 2008 dear expert,

can u tell me whether finished product produced by RMC ( plant that r used in construction work for preparing of concrete by using Cement, sand,concret, water) is excisable product,
if yes then what is the rate of tax.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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01 May 2008 Ready Mix Concrete is an excisable product which has a separate tariff entry under sub-heading 3824.20 of the Central Excise Tariff Act, 1985. It is also known under the Indian Standard IS: 4926-1976, which for the purposes of that standard defines Ready Mix Concrete as concrete delivered at site or into the purchaser's vehicle in a plastic condition and requiring no further treatment before being placed in the position in which it is to stay and harden. Ready Mix Concrete attracts duty at the rate of 13% prior to 21.10.97. subsequent to 21.10.1997 vide Notification No. 65/97-CE dt. 21.10.97 the duty on Ready Mix Concrete classified under sub-heading 3824.20 has been reduced to 8%.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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01 May 2008 For more details, log onto https://www.cbec.gov.in/excise/cx-circulars/cx-circulars-98/368-98-cx.htm

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