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Barter sysytem

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2012 Hello,
Whether Excise Duty is levied on Barter System ?

Suppose,company is not able to make the payment obligation and against that the said party lifts the goods. Will the excise is levied or not on such transaction ?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
28 October 2012 Excise duty will not be applicable on barter system. If production of goods or amounts to manufacture then excise duty will be applicable.

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