Lakhpati Patil (ICWA Final) (57 Points)
02 December 2011We r a manufacturing company register in excise
we r using excisable & non excisable goods in single product production process , how we charge excise duty on sale
Eg. We r make production of (A) (Excisable) finish goods
we r using raw materila as
B (Excisable)
C(Excisable)
D(Excisable)
E(Non excisable)
F (Non excisable)
How we can charge excise duty to customer
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 03 December 2011
Charge excise duty at appropriate rate on final product A on the price of goods. Take cenvat credit of duty paid on raw materials B,C,D.
HS Negi
(Senior Executive- F&A)
(590 Points)
Replied 03 December 2011
Dear Sir,
Cenvat credit material B,C,D is available to you as per Rule 3,4 of CCR, 2004.
Regards
HS Negi.
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 05 December 2011
Dear Mr. Patil,
I Agree with Mr. Nair & Mr. Negi.
Excise duty to be paid on final Product has no direct relation with inputs used in manufacture of such final products. Manufacturer is required to pay excise duty on final product at the rate specified in Central Excise Tariff Act, subject to any Exemption notification availed.
Moreover, Credit of duty paid on inputs, as defined in the act, used in the manufacture of dutiable products is also available. Except where duty is paid at concessional rates under some notification.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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