Is excise duty refundable? What is the excise duty on Mustard oil?

I am exploring the export business from India of Mustard Oil. The HS Code of Mustard Oil is 15149120 . Please do needful as follows:

1. Please Confirm the Excise Duty on Mustard Oil (15149120).

2. Please confirm the Subsidy on Mustard Oil, if any.

3. Do we take Excise Duty as a cost?

4. Is Excise Duty is refundable?

5. Do we take Subsidy as a profit?

Answers (1)

221 votes

The Mustard Oil is subjected to a central excise duty @ 6% ad valorem.  

In general, there is no subsidy available for the export of Mustard Oil.

It can be refunded if the same is not recovered from the customers in the invoice issued to them, and then it is a profit, otherwise, it is a cost. 

The subsidy is considered to be as profit, if there is any subsidy available under the act.

Further the subsidy part of the same can be clarified when we get the documents like the invoice, country of origin etc.

Kindly contact us for any further details and action.

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Customs & Central Excise Lawyers

Advocate Rajeev Nigam
Kanpur Nagar, Kanpur
27 years Experience
Advocate Rajesh Rai
Sector-19, Dwarka, Delhi
21 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
36 years Experience
Advocate Ravi Jadhav
Koregaon Park, Pune
13 years Experience

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at and has been responded by one of the Customs & Central Excise Lawyers at to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at or contact a Lawyer of your choice to address your query in detail.

Related Questions

" has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Related Articles