quesIs 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?


  • ans


    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.


  • 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 LawRato.com and has been responded by one of the Customs & Central Excise Lawyers at LawRato.com 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 LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Customs & Central Excise lawyers in India

Similar questions

We are a firm planning to enter into boat building activity. we will subcontract the…

I am exploring the export business from India of Mustard Oil. The HS Code of…

We've leased our warehouse to a handling agent in Tuticorin. A transit cargo was stored…
I brought 12 kg gold in bar form from hongkong, I declared that in custom…

Customs & Central Excise Lawyers in India

Advocate D S Chadha

 Experience: 5 years

Advocate Jai Dehadrai

  Hauz Khas
 Experience: 6 years

Advocate Harsimran Kaur

  Safdarjang Enclave
 Experience: 12 years

Advocate Charu Mathur

  Supreme Court of India
 Experience: 17 years

View all >>

Quick Consult

Get 15 Minutes of Expert Legal Advice on Phone right now

Ask a Free Question

Post a Question online and get free advice from multiple lawyers by email

Find a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly