Excise duty on subsidy receivable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2012
As we are manufcture of fertilizers and pay Excise Duty@1% availing Exemption under Notification No. 1/2011 CE.
Is Subsidy receivable by us on clearances of fertilizers inclusible in assessable value for the purpose of Excise Duty calculation..??
Is Subsidy receivable by us on clearances of fertilizers inclusible in assessable value for the purpose of Excise Duty calculation..??
18 May 2012
No, it is not includible in AV fr the purpose of Central Excise duty.
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