Notification No.12/2014- Central Excise

[duraiswamy balasundaram]

One of my client selling Gear Box parts for Wind Mill manufacturer as Per Exemption Notification No,.12/2014 - Central Excise.It is comming Under List 8 Serial No.332. My question is what is tarrff No for the above items.It is comming under Nil rate Duty. Whether we have to pay 6 % Duty for the above turnover and in which column we have to Debit the 6% amount . Whether we have to debit Credit Utilized for the other Payment or Rule 6(3) kindly clarify the same

Thanking You

D.balasundaram

[KASTURI SETHI]

Sh. D.balasundaram Ji,

In my view, it falls under Chapter/Heading No.8483 40 00 and it is exempted under Notification No.12/12-CE dated 17.3.12 as amended vide Notification 12/14-CE dated 11.7.14 as it is clearly covered under List No.8 Serial No 332 of above Notifications.

AI Summary

Tariff classification enables exemption for gearbox parts under specified notification, resulting in nil central excise duty applicability.
The supply of gearbox parts is classified under Chapter/Heading 8483 40 00 and is exempted under the stated exemption notification, being covered by List No. 8 Serial No. 332; accordingly the parts attract a nil rate of central excise duty where the notification applies.