Self consumed finished goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2013
Sir
Our client Manufactures Ready mix concrete and uses finished goods for self consumption also.
In this case how should be the excise duty charged and accounted for in the books ?
Can we make excise invoice for self consumption ?
Our client Manufactures Ready mix concrete and uses finished goods for self consumption also.
In this case how should be the excise duty charged and accounted for in the books ?
Can we make excise invoice for self consumption ?
24 December 2013
No need to pay excise duty for self used if goods will be removed from the factory premises then duty will be payable.
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