XYZ will be importing a chemical which contains 75% Ethanol and 25% other chemicals. XYZ will be using the same as raw material to manufacture the finished product. Since it contains ethanol,
1) Any separate GST formalities?
2) Any Customs formalities while importing?
3) Any Central / State Excise Formalities? to be completed before starting the manufacture or subsequent to it?
XYZ Seeks Guidance on GST, Customs, and Excise Rules for Importing Ethanol-Based Chemical for Manufacturing XYZ plans to import a chemical comprising 75% ethanol and 25% other substances for use as a raw material in manufacturing. The company seeks guidance on whether there are specific Goods and Services Tax (GST) requirements, customs procedures, or central/state excise formalities related to the importation and use of this chemical before or during the manufacturing process. (AI Summary)
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