SSI exemption to Ready Mix Concrete

[Ramesh Patel]

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 without availing basic exemption.

AI Summary

Ready Mix Concrete Exemption: Duty-Free Up to 150 Lakhs, Then 2% or 6% Duty per Excise Notifications A manufacturer of cement concrete products and ready mix concrete inquired about the applicability of basic exemption on ready mix concrete under central excise laws. The response clarified that ready mix concrete is classified under Chapter 68 of the Central Excise Tariff Act. According to Notification No. 8/2003-CE, goods under Chapter 68 are exempt from duty up to a clearance value of 150 lakhs. Once this limit is exceeded, duty must be paid at 2% without CENVAT Credit or 6% with CENVAT Credit, as per Notifications No. 1/2011-CE and No. 2/2011-CE, respectively.