Exemption Notification No.12 /2012 –Customs

[Asked by Guest]

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,

AI Summary

Duty-free inputs entitlement allows concessional procurement subject to export or payment of excise on domestic clearance, with bond conditions.
Supplies of specified raw materials may be procured without central excise duty where the Customs exemption list is extended to the Central Excise notification, but such duty-free procurement is conditional: inputs obtained duty-free require that the final product be exported or that excise duty be paid on domestic clearance. Annexure-45 may be used for export or local clearance; Annexures-80 and 81 are preferred. The revised rules allow self-declaration and require execution of a General Bond with surety (Annexure-7 Form B-2), not security.