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Applicability of exise

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2014 sir we are manufacturing goods but i can not sell the goods immedieately. we are store the goods to warehouse whether exicse duty applicable?
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
21 December 2014 Liability of paying Excise Duty levied on production of Exciseable goods in India. However, collection may be on some other time.

Therefore, if it exciseable goods you are certainly liable for excise duty


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