Excise Duty Chargabilty

710 views 3 replies

IF CONCERN IS BOTH MANUFACTURING AND TRADING CONCERN HOW IS THE EXCISE DUTY CHARGED ....i,e ; is it only on the manufacturing portion or both Trading & Manufacturing.....kindly help along with relevant refernce to provsions of the Act or Case Laws 

 

Thank You

Siddarth Jain

Replies (3)

You have to maintain separate books of record for input purchased and used in manufacturing activities and those items which are purchased and sold as it is (i.e. trading activity)...

Further, you shall not avail input CCR of such items which are sold in trading activity...

You will charged to Excise duty on only those products which are being manufactured by you..., subject to other conditions....

Basically trading and manufacturing of the same goods in the same premises is not permitted under Central Excise law. If the goods meant for trading and manufacturing are different, then they have to separately obtain the registrations for each activity as dealer and manufacturer, so that they can pass on the cenvat credit to the ultimate customers.

yes arvind is right

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details