TaxTMI 
TaxTMI 
TaxTMI 
Taxability of ready mix concrete RMC
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....axability of ready mix concrete RMC<br> Query (Issue) Started By: - NANDKUMAR SAGWEKAR Dated:- 3-9-2013 Last Reply Date:- 14-1-2014 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear All learned members of this portal The article ready mix concrete ( RMC ) is falling under chapter 3824 50 10 and tariff rate of duty is 6%. The RMC is also covered under entry no. 46 of Noti.No.1/2011 C.E. and ....
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....rate of duty is 2% (w.e.f. 17/03/2012 ) without Cenvat credit facility .The RMC is also covered under ANNEXURE to Noti.No. 8/2003 (SSI Exemption ) entry no. ( (xxiii ). Whether a manufacturer of RMC is eligible to avail the SSI exemption during current F.Y.2013-14 for clearances upto Rs.150 Lakhs and start to pay the duty @ 2% after crossing the limit of Rs.150 Lakhs ?The previous F.Y. GTO is NI....
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....L as he is new manufacturer ,started manufacturing operations in April 2013 and does not have any other manufacturing unit. OR he has to pay the normal rate of duty @6% as per tarriff after crossing the limit of Rs.150 Lakhs ? That means simultaneous av ailment of SSI exemption upto Rs.150 Lakhs and thereafter paying duty @ 2% whether possible in case of RMC is my querry ? Thanks ANAND MANO....
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....HAR SHEMBEKAR CELL 7744974915 Reply By CA. Surender Gupta: The Reply: Notification no. 1/2011 CE and 2/2011 CE both dated 1.3.2011 are independent to Notification no. 8/2003 dated 1.3.2008 of Central Excise. It means after crossing the turnover of Rs. 150 lakhs you may avail the benefit of Notification no. 1/2011 CE or 2/2011 CE CE as per your option with or without availing Cenvat Credit if ....
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....otherwise the conditions are complied with.<br> Discussion Forum - Knowledge Sharing ....