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Sale of Raw Material purchased earlier for Production

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(Querist)
26 July 2010 Can Raw Material purchased for Production of Finished goods be sold using Excise Invoice. If Yes please provide detail procedure.

thanking you
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
26 July 2010 Yes, you can sale it by issuing excise invoice and paying same excise duty which is charged at the time of purchase.

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