SSI exemption to Ready Mix Concrete

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..... We are mfg of cement concrete products and Ready Mix Concrete. at present we are availing basic exemption. Since RMC comes under concessional rate of duty, whether we are liable to pay duty on RMC .....

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..... without availing basic exemption. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Ready mix concrete is classifiable under chapter 68 of I Schedule of Central Excise Tariff Act, 1985 (1 of .....

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..... 1986) . Notification No. 8/2003-CE dated 1.3.2003 exempts clearances, specified in column (2) of the Table appended to the Notification for home consumption of excisable goods of the description sp .....

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..... ecified in the Annexure appended to the notification. In the Annexure to the Notification at Sl. No. xxvi (a) all goods falling under Chapter 68 is mentioned. Therefore all goods falling under chapter .....

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..... 68 are exempt from payment of duty up to a value of 150 lakhs. Only when you have crossed the limit of 150 lakhs, you have to pay duty on Ready mix concrete. At that time you have to pay duty @2% .....

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..... without CENVAT Credit under Notification No. 1/2011-CE dated 1.3.2011 or 6% with CENVAT Credit under Notification No. 2/2011-CE dated 1.3.2011 .. - SSI exemption to Ready Mix Concrete - Query St .....

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..... arted By: - Ramesh Patel Dated:- 18-9-2014 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxm .....

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..... anagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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