Applicability of Excise Duty

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Elroy Joseph Lewis (Querist)
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13 July 2011 Dear Sir,

I want to know whether a company who is in the field of emboidery business is chargeable to Excise duty? the company is a listed company and is also in the production of FDY.

Thanks

S.P.Mahanta

S.P.Mahanta (Expert)
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13 July 2011 Wef 1st apl'2011, company engaged in field of embrodiery, used in readymade garments shall be subject to Excise duty @10% with abatement of 55% on value of garments.

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Elroy Joseph Lewis

Elroy Joseph Lewis (Querist)
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14 July 2011 Thanks for the reply sir,

The company has its one plant as 100% EOU. The other plants are not. Still it will be chargeable?

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