07 March 2011
ABC Jewellery pvt ltd. got registered with a Barand name Z. this co. purchase the jewellery from manufacturer & give a tag of its brand name Z. Does ABC Pvt. Ltd. is liable to excise duty of @ 1% as provided in this budget
24 March 2011
Any person manufacturing OR selling under a brand is covered by the notification NT 1/1.3.2011
There is no ambiguity regarding the coverage of the person selling under a brand. The definition given in the explanation is very wide definition as it stand on this day.
CAclubindia
