Respected Sir,
As we have the manufacturer of Pharmaceuticals products like tablets , capsules and we are manufacturing other brand products only .
As per the Notification No.12 /2012 –Customs -List 3 (See S. No 147 of Table) Si No: (83) Ursodeoxycholic Acid is exempted
Ursodeoxycholic Acid is one of the main raw material we purchased with excise duty to make the final product and with help of the above notification no shall i ask the supplier to supply without excise duty .
Thanks in advance for your best answer
Regards,
P.Pushparaj,
Pharmaceutical Company Seeks Excise Duty Exemption for Ursodeoxycholic Acid Under Notification No. 12/2012; Process and Documentation Clarified A pharmaceutical manufacturer inquires about excise duty exemption for Ursodeoxycholic Acid, a raw material, under Customs Notification No. 12/2012. The discussion involves clarifying the applicability of this exemption to Central Excise duties. A respondent confirms that the exemption is applicable under Sl. No. 108A of Notification No. 12/2012-CE, allowing duty-free procurement if listed in the notification. Further clarification is sought regarding the necessary documentation, particularly Annexure-45, and the procedure for local sales versus exports. The conversation concludes with guidance on executing a General Bond with Surety under the 2016 rules for concessional duty removal. (AI Summary)
TaxTMI 
TaxTMI 
