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Self consumed finished goods

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Querist : Anonymous

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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 ?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
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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