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Captive consumption

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27 December 2010 Dear sir,

can you tell me that,
if the finished goods are
a)excisable
b)but by notification are exempted (no excise duty to be paid)for certain period, say, for one or two years

Then
whether intermediate goods which are excisable & marketable, manufactured in the same factory & all consumed for manufacturing Finished goods are liable for excise duty at the time of removal for such use or not?
Thanks

Best Regards
Ashwini

27 December 2010 Liable for excise duty in my opinion.
refer notification no. 67/1995 dated 16.03.1995

27 December 2010 yes laible for excise.




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