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Excise duty payable on closing stock of finished goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2014 I am manufacturer.
I am going to file ER-3 for July -Sep 14.
At the end of Sep month,2650 kgs finished goods lying in warehouse .

So my query is that whether i have to pay excise duty on finished goods which lying in warehouse or not?

Kindly advice me.
Thank You.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
06 October 2014 If goods are not cleared from factory then no need to pay excise duty on finished goods.

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