Wire Drawing
This query is : Resolved
15 January 2010
As per TRADE NOTICE NO.:3/2004-CE, it was clarified that the process of drawing of wires from wire rods does not amount to manufacture under section 2(f) of the Central Excise Act, 1944. I want to know if that position still continues or wire drawing was later considered as manufacturing vide some notification. Kindly mention the notification no. if it has been changed.
16 January 2010
The chapter note (4) to chapter 72 specifies that the process of drawing or redrawing of wire bar, rod, wire rod into bright bar shall amount to manufacture. The date of insertion of this note I am not sure about. As of now it appears that the same may amount to manufacture.
16 January 2010
Thanks Sir.
I am seeking for one more clarification. If drawing amounts to manufacture then when drawn wire is issued for captive consumption for manufacture of Excisable Goods, does the assessee need to issue invoice of captive consumption charging nil duty as it would amount to deemed removal. Kindly clarify.
I am seeking for one more clarification. If drawing amounts to manufacture then when drawn wire is issued for captive consumption for manufacture of Excisable Goods, does the assessee need to issue invoice of captive consumption charging nil duty as it would amount to deemed removal. Kindly clarify.
19 January 2010
The amendment was brought vide Section 89 of Finance(No.2)Act,2004.
Further there is no need to pay duty on captive consumption for being exemption under Notification No. 67/95-CE dated 16.03.95 subject to fulfilment of the conditions therein.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana).
Further there is no need to pay duty on captive consumption for being exemption under Notification No. 67/95-CE dated 16.03.95 subject to fulfilment of the conditions therein.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana).
19 January 2010
The amendment was brought vide Section 89 of Finance(No.2)Act,2004.
Further there is no need to pay duty on captive consumption for being exemption under Notification No. 67/95-CE dated 16.03.95 subject to fulfilment of the conditions therein.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana).
Further there is no need to pay duty on captive consumption for being exemption under Notification No. 67/95-CE dated 16.03.95 subject to fulfilment of the conditions therein.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
