Dear Sir,
Please confirm whether Iron Ore Pellets falling under Chapter heading 26011210 is exempt from payment of excise duty, as per notification No.4/2006C.E dt.01-03-2006 Sl.No.4.
Please Confirm
Raghavendra
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Excise Duty of Iron Ore Pellets
Replies (2)
Iron Ore pellets are subject to Excise Duty since it under goes manufacturing where pellets take shape from iron ore through manufacturing process and takes new shape and character.
" IRON ORE PELLET " is exempted under general exemption. How excise is payble on it when it is an exempted item? Pls reply.
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