Central excise duty on ayurvedic products

4829 views 2 replies

Dear all

I want to know about excise duty applicable on manufacturing of ayurvedic medicines.

rate of excise on same

maximum limit of abatement

and the limit allowed

and please tell me that a concern that is not manufacturing but other firm which is engaged in manufacturing under its guidace who is liable to pay excise duty ?

 

plz help me

Replies (2)

Excise duty is applicable on manufacturing of ayurvedic medicine and sold under a brand name. SSI exemption is not available if manufacturing of goods other brand name. 35% abatment is applicable on ayurvedic medicine cleared on MRP based under notification no. 1/2013-CE(N.T.) dated 1.3.2013.

i manufacture branded ayurvedic medicines

 

mrp-100

selling price - 15

turnover - 50 lakh

 

do i come under excise and what is the assessable value


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