24 October 2012
Hello, One of my clients is starting a Ginning and Pressing Factory. I wish to enquire whether his products i.e. Lint and cotton seeds produced from raw cotton would be taxable under excise?
In Ginning factory, Activities are Not Covered Under Manufacturing, These are Process Only, & Also Exempted From Excise Duty. Since You are From My Region, I Suggest You to Go With CETA for Detail One & Ask Your Client to Go Ahead With This projects .....as There are Lots of Opportunies Available in This Project.
CAclubindia
