Intermediate goods and captive consumption

This query is : Resolved

Share Report Follow Query Ask a Query

Senthilkumar.M

Senthilkumar.M (Querist)
Follow

23 March 2014 What is the difference between the terms intermediate goods and captive consumption in excise?

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

24 March 2014 Intermediate goods or producer goods or semi-finished products are goods used as inputs in the production of other goods, such as partly finished goods.If goods are not sold but consumed within the factory then its known as captive consumption.

Arpit Shah

Arpit Shah (Expert)
Follow

24 January 2016 An intermediate good is a good or service that is used in the eventual production of a final good, or finished product. These goods are sold by industries to one another for the purpose of resale or producing other goods.

Arpit Shah

Arpit Shah (Expert)
Follow

24 January 2016 Captive consumption means goods are not sold but is consumed by the factory itself. In which case it is understood that excise credit cannot be availed. PO has to be made with non deductible excise so that the duty values are inventorised

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now