Excise duty on branded components
This query is : Resolved
19 November 2009
We are SSI manufacturers diesel engines. Some of our components are bought from SSI vendors on our specific order with our brand name either embossed or casted.
Excise people are demanding excise duty from our vendors because they are using another person brand name.
This is triggered by some Supreme court judgment on brand name issue.
My question to you is whether our vendors need to pay excise duty or not ?
Thanking you in advance.
Excise people are demanding excise duty from our vendors because they are using another person brand name.
This is triggered by some Supreme court judgment on brand name issue.
My question to you is whether our vendors need to pay excise duty or not ?
Thanking you in advance.
19 November 2009
Excise people are demanding excise duty from your vendors because they are using another person brand name.therefor ssi exemption not applicable hence your vendors need to pay excise duty.
28 November 2009
With thanks Your attention is invited to no. F no.354/124/2008 dated 01 Sept 2008, wherein the Govt. Of India, Min. of Fin., Department of Revenue,Tax Research Unit has clarified the exemption from excise duty to goods manufactured by small scale units.
The letter states exemption to goods bearing brand name of another person provided that such" goods cleared as original equipment, goods bearing the brand name or trade name of KVIC, or if such goods are manufactured in a factory which is situated in a rural area."
The letter states exemption to goods bearing brand name of another person provided that such" goods cleared as original equipment, goods bearing the brand name or trade name of KVIC, or if such goods are manufactured in a factory which is situated in a rural area."
01 December 2009
The brand name restriction is not applicable to SSI manufacturing component parts of equipments for another as set out in para (4) (a) of the exemption.
If the vendor is based in a rural area then also the exclusion is in effect as per para 4(c). Please examine the same.
If the vendor is based in a rural area then also the exclusion is in effect as per para 4(c). Please examine the same.
01 December 2009
Thank You Mr.Hiregange and Jangid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- Residential status for filling income tax returns in India
- Payable outstanding for years disallowance
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
