ED exemption of Boiler

Ask from the buyer exact notification.

Certain goods used for renewable energy is exempted, whether your boiler will fall into that or not can be decided only after reading the exact terms of the exemption notification.

There is another problem If you supply goods under exemption, you have to reverse the cenvat credit taken. Or an amount of 10%, which is more than the excise duty.

In the present circumstances, I ask my clients to avoid such exemption notification, unless until exemption is along with availment of cenvat credit in categories given in Rule 6 of the Cenvat Credit Rules.   

Dear Vivek, I have no idea about returns/form etc. of Income Tax. In fact in Custom, Excise & Service Tax also, I have very less idea about prcedural matters (Do know few thing as I worked for the Custom & Central Excise department for 8 years). I will be able to help you in legal matters in relation to Income Tax or Indirect taxes.

As far as I can remember, I, as an individual  filed Saral form only in AY 2006-07. But kindly cross-check with someone dealing in procedural matter.