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Q. > Please Help: If Raw material exemption, if Final product is exempt...
We have received the Purchase Order from a company, our private customer that we will fabricate two products – Chimney and Monkey Ladders. The total weight of those products will be 85.504MT. The Co. will use those products for its main client – Ultra Mega Power Project. We will receive PAC(Project Authority Certificate) from them with our company’s name in the list to enable the exemption of excise duty taxes.
We are seeking to purchase raw materials (about from you and its requirements are attached in this email for your reference.
I would like to get the clarification from you on the two below points :-
1. As we will get the PAC certificate with our company’s name in the list, will the excise duty taxes on raw materials be exempted automatically ? If this excise duty charge to be exempted in case of the PAC certificate, how will we get the guarantee that the excise duty taxes are being exempted ?
2. Will the raw materials be deliverable in one to two weeks to our factory in Kota, Rajasthan, once we make PO for those materials with your organization ?
answered Aug 06, 2011 by CA VIKAS JAIN , DELHI
please elobrate your query
Experts Panelist
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