Goods imported at cocessional rate of duty under not.25/99 for manufacture of intermediate goods

R S RAWAT (Querist) 14 January 2014 This query is : Resolved
A FIRM IS IMPORTING GOODS'A' ON COCESSIONAL RATE OF DUTY UNDER NOT. NO.25/99-CUS THRU A PROPER PROCEDURE FOR MANUFACTURE OF INTERMEDIATE GOODS'B'WHICH IS TOTALLY BEING USED IN MANUFACTURE OF FINAL PRODUCT'C' & FINAL PRODUCT'C'IS BEING CLEARED ON PAYMENT OF EXCISE DUTY.CAN THEY AVAIL THE BENEFIT OF THIS NOT.25/99? IF YES PLEASE CLARIFY THE SAME.

THANKS & REGARDS,
R.S.RAWAT

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ajay sethi (Expert) 14 January 2014
commercial query . discuss with your excise consultant . you have to comply with the requirement laid down in the notification for import of goods at concessional rate

sindhu Mangat (Expert) 15 January 2014
query not clear. when the entire activity ,i.e, production of intermediate and final product happening in same factory?

Anirudh (Expert) 15 January 2014
Dear Mr. Rawat,
You are an Assistant Manager Excise. I take it that you can very well read the contents of the notification.
Column (4) of the notification very specifically states that you have to manufacture the finished products mentioned in that column, to be eligible for concession.

If the product which you manufacture by using the imported material, answers the description given in Column (4) you will get the concession. Otherwise not. Simple.

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