28 January 2009
A construction company which is engaged in building a flyover, is making pre cast slabs at it's own casting yard. The slabs are then utilized at the flyover. Is excise duty applicable on pre cast slabs that are made by company for use in flyover? The construction of flyover is a lump sum contract.
28 January 2009
The process undertaken at the casting yard amounts to manufacture and hence excise duty is payable. However, if the company is paying service tax on work contract, there may not be any need to follow excise procedure etc.
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