Exemption of Excise on Ethanol from Local Vandor

[Guest]

Dear Sir,

Our unit is Established IN SEZ, & We are manufacturer of API Bulk drug, and its a new unit and first time going to purchase Ethanol from local vendor for manufacturing API and using as raw material.

The questing is, is there Imposed Excised duty? if exmpted, which section or rule or any notifications?

Pl provide notification.

If there excise duty ..what is the percentage?

Pl reply,

Thanks..

Suresh

AI Summary

Clarification on Excise Duty Exemption for Ethanol in SEZ for API Bulk Drugs Manufacturing Under HSN 2207 20 00 A query was raised regarding the excise duty on ethanol purchased from a local vendor for use in manufacturing API bulk drugs in a unit located in a Special Economic Zone (SEZ). The inquirer sought clarification on whether excise duty is applicable, the relevant sections or rules for exemption, and the applicable percentage if duty is imposed. The response indicated that ethanol is classified under HSN 2207 20 00 and is subject to an 18% GST, with a reference to a case law for further classification details.