Captive consumption
This query is : Resolved
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
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
refer notification no. 67/1995 dated 16.03.1995
27 December 2010
yes laible for excise.
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