04 March 2013
I want to know about excise duty applicable on manufacturing of Ayurveda medicines.
rate of excise on same maximum limit of exempted turnover
please tell me that a concern that is not manufacturing but other firm which is engaged in manufacturing under its guidance who is liable to pay excise duty ?
05 March 2013
Falls under 3003.9011 and liable to CED @6%. Exempted value of manufactured clearances with own brand / no brand is 150 lakhs. Any other person who manufactures with brand name -NO exemption available.
CAclubindia
