EXCISE DUTY

[SANTHANA KRISHNAN]

SIR

SAY, I AM A GEAR MANUFACTURER AND MY GEARS ARE SUPPLIED TO A VEHICLE MANUFACTURER WHO IN TURN EXPORTS HIS VEHICLE. AS A GEAR MANUFACTURER, AM I ELIGIBLE TO SOURCE MY INPUTS WITHOUT EXCISE DUTY (SINCE MY GEARS ARE GETTING EXPORTED ULTIMATELY)? ARE THERE ANY EXEMPTION RULES?

PL GUIDE ME

REGARDS

JR

AI Summary

Excise Duty Exemption for Gear Suppliers: Follow Notification No. 43/2001-CE (NT) or Use CT-1 Form for Relief A gear manufacturer inquires about excise duty exemptions for supplying gears to a vehicle manufacturer who exports the vehicles. The first response advises that the vehicle manufacturer must follow procedures under Notification No. 43/2001-CE (NT) to enable duty-free supply of gears. Alternatively, duty must be paid, with potential for credit or rebate claims. Another response suggests obtaining a CT-1 form for excise duty relief, correcting an earlier mention of CT-3. The discussion focuses on compliance with excise regulations for export-related transactions.