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| BBIA demands exemption of excise duty on industrial chemicals | | | Early Times Report
JAMMU, May 23:A meeting of Bari Brahmana Industries Association (BBIA) was held today to discuss the collection of excise duty by Excise Department at Lakhanpur Toll post on the import of industrial chemicals by the units dealing in the trade.
The meeting was held under the chairmanship of president BBIA, Lalit Mahajan. Ajay Langer, General Secretary, Vivek Singhal Secretary and Viraaj Malhotra Treasurer BBIA were among those who attended the meeting.
During the course of discussions, the members present from Pharma/Pesticides and other units raised serious concern in respect of illegal collection of excise duty by Excise Department at Lakhanpur Toll Post in respect of import of industrial chemicals by misinterpreting the clause No. 14B of the Excise Policy 2019-20 of J K Excise Act. It is pertinent to mention here that as per Clause No. 14-B of the Excise Policy 2016, the duty of Rs 10 per Ltrs shall be payable on Rectified Spirit, Alcohol, Denatured Spirit and Molasses.
However, the department by misinterpreting the above clause forcefully collecting the excise duty of Rs 10 per Ltrs on the import of chemicals like IPA/Butanol and other chemicals being used in the manufacturing of Medicinal, Toiletry, Pharma and other products.
The meeting submitted that the industrial units importing the industrial chemicals are paying the Goods & Service Tax @ 18% but it is very surprising that on one side Govt of India has classified industrial chemicals under GST Act while on the other hand State Excise Department is treating the industrial chemicals under the preview of items covered under the State Excise Policy.
The BBIA requested KK Sharma, Advisor to Governor and AK Mehta, Principal Secretary Finance Department to issue immediate orders to exempt the industrial chemicals from the preview of the State Excise Department so as to save the industrial units from closure. |
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