I want to some information regarding Excise Duty Liability on Recover Goods. Example : One fresh raw matrial used in process which recover after complete process & it is used for next process so, excise duty liable to pay. please reply
27 May 2008
excise liablity occurs after manufacturing of final product. in ur case, the recovered material may be treated as by-product, which is not excisable if final product is excisable.
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