28 May 2009
My company is doing manufacturing of PVC Films. The main products is PVC Films of different sizes. The company grinds the PVC Films if the same is not sold within few fixed time. The company does not intimate the excise authority on converting the PVC Films to powder form. The co. uses the said powder form as raw material for the production of PVC Films.
My question is whether the co. is laible to pay excise duty at the time of said conversion of PVC FIlms (Which has already been recognized as finished goods in RG-1)into powder or the benefit of captive consumption is available to the co.
CAclubindia
