08 November 2012
There is a provision in central excise that there is no excise duty if job work done inside,however if get it done outside we are liable to pay excise duty,now if we have enough space in our factory and wants job work to be done inside the factory and hires job worker he says that he wil like to have all scrap as profit,which is 90% and this 90%scrap can be our profit also as we can again use this as semi finished product for manufacture of final products,also both of us wants to save ourselves from excise duty on this 90%,are there any alternate strategies available...
09 November 2012
job work done inside the factory is exempt...this basis i have taken from notification no.10/96 i.e. parts capitively consumed within the factory are exempt...in other words or i can say i conclude that if parts removed from factory are liable to duty..u r requested to go through nn 24/2012 and 10/96 to solve the query..we are acting as principle manufacturer
09 November 2012
you are getting confused under the procedure, please read the article which is exclusively for job work under https://www.caclubindia.com/articles/job-work-under-central-excise-2116.aspexcise.
CAclubindia
