08 January 2011
One of our client is importing some plywood sheets from Malaysia on which the client is paying Custom duty which includes CVD (in lieu of excise). These sheets do not have any brand on them. However, now our client wants to affix its own brand in these sheets, after they are imported into India. Kindly advise if it would attract any excise duty....
11 January 2011
Branding in normal course does not amount tomanufacture. However the chapter notes/ section notes at times deem some processes amounting tomanufacture under section 2 (f) (ii). Since there are no such deeming fiction for plywood for the process of branding there is no manufacture and the same wouldbe trading only.
CAclubindia
