22 September 2010
We have entered into a contract with our client, wherein we have to build a piperack made out of strucutral steel.
We shall be fabricating the entire piperack in pieces in our warehouse and shall be transporting the fabricated material to the actual site of erection. After erection the piperack would constitute a permanent structure (which means it does not attract any excise).
We would like to know whether excise is applicable on the fabricated material which is done in our wahehouse or we can remove the material from our warehosue without paying excise duty and show it as a stock transfer.
CAclubindia
