Hiiiii All,
WE had sent plastic film scrap for conversion to another party. Does the conversion of plastic film into Tadpatri amounts to Manufacture for Excise? If yes, den how much duty is payable?
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 17 February 2011
what is "tadpatri" ? and if the finish good is different than the materials used, and marketable then excise is leviable, certain exemptions are available depending on the principal manufacturer's excise status.
Rahul Girdhar
(Chartered Accountant)
(191 Points)
Replied 19 February 2011
It may be, Just check all these things at ur own:-
1. is the Final Goods is differently known in the Market
2. is the Final Goods is having Different Use
3. is the Final Goods are Marketable, even for a Minor Cosideration
4. is the Final Goods are in the nature of movable
5. is the Process is Manufacture in the terms of Sec. 2(f),,, (i.e. if not as per the 4 above)
.................
& Check out the Duty Rate in Central Excise Tariff Act, 1985 read along with Effective Notification, if any....
General Rate of DUTY prevailing is 10% basic.... but may not be same in ur case....!
As i don't know the Tadpatri 's Rate.... u will have to refer CETA, 1985...
hope this will help a little bit
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