Excise querry : urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2013 If a partnership firm is under excise and same partner wants to incorporate a company at other city in which those would be director and shareholder than they would be in excise? The raw material would be manufactured in partnership firm and those would be supplied to company in which from that raw material main product will be manufactured. In that case is there any complications faced ? or other requirement fulfilled ? in excise or other point of view?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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09 April 2013 If process amounts to manufacture then duty will be payable at another unit also. If director are same then both units turnover will be count for ssi exemption.