rate of excise duty on 'RMC' and condition of cenvat credit.
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Tasvir Sharma
Excise Duty on Ready Mix Concrete: General Rate at 6%, On-Site Construction May Qualify for Nil Duty A discussion on the forum revolves around the central excise duty applicable to Ready Mix Concrete (RMC). Various participants confirm that the general duty rate is 6%, with an education cess of 2% and a secondary and higher education cess of 1%. However, without CENVAT credit, the duty is 2% plus cess. Additional insights mention that under certain conditions, such as when RMC is manufactured on-site for construction, the excise duty may be nil, as per specific notifications. A participant requests historical data on excise duty rates and relevant notifications from 2008-09 onwards. (AI Summary)
Central Excise