We have got an Sub-contract Order from one of the EPC Contractors and the Project is for setting up of Thermal Power Project which is a Mega power project declared by the Govt of India. The EPC Tender is being finalized under ICB Mode, under these circumstances we would like to get clarifications from your good-self on the following issues. 1) The Sub-contract work given to us is Supply and laying of MS Pipes. 2) We are in the process of applying for advance authorization for procurement of raw materials locally with Nil duty and the authorization will be invalidated in the name of Raw Material Manufacturer i.e, MS Plates/Coils. 3) The raw material which the supplier is giving to us is being converted into Pipes at our Manufacturing unit 4) In our manufacturing unit we are not separately maintain the records for dutiable and exempted goods. 5) We wanted to clear the pipes under Notification no. 12/2012 CE Query:- Under the above circumstance, we request your good-self to kindly advise us as per Notification no. 12/2012 CE against this notification which serial number mentioned oned for clear the Pipes from our Factory with Nil duty or by any other mode. |
Goods supplied to Mega Power Project Under ICB
meil megha
Subcontractor Seeks Tax Clarification for Mega Power Project Under Notification 12/2012 CE, Queries on Duty-Free Clearance A subcontractor involved in a thermal power project, designated as a Mega Power Project by the Government of India, seeks clarification on tax exemptions under Notification no. 12/2012 CE. The subcontract involves supplying and laying MS Pipes, with raw materials procured locally under an advance authorization with nil duty. The subcontractor's manufacturing unit does not maintain separate records for dutiable and exempted goods. They request guidance on the appropriate serial number for clearing pipes from the factory with nil duty. A respondent inquires if clarification has been received on the issue. (AI Summary)
TaxTMI
TaxTMI