13 October 2009
Where any unit is producing excisable intermediate product all of which is being used (Captively Consumed) in manufacture of excisable finished goods within the same factory, what will be treatment of intermediate product for excise purpose? Will the assessee be required to maintain captive consumption invoices? Also tell if benefit of notification no. 67/95 will be available to assessee or not? If available then intermediate products are exempt then also will the assessee be required to issue invoices for material captively consumed(which is exempted as per notification)?
13 October 2009
Thanks. Please also clarify whether Invoice also have to be issued for each lot of intermediate material issued for captive consumption.
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