Excise duty on manufacturing of silver coins

RAHIL (B.Com) (29 Points)

26 August 2015  

Dear Team,

 

Request you to please advice if excise duty willbe applicable in the following scenario:

  • Our private limited company is based in Mumbai
  • Our private limited company supplies pure silver to the job worker / contractor in Mumbai
  • Our private limited company supplies copper alloy to the job worker / contractor based in Mumbai
  • The job worker manufactures silver coin in 92.5% purity with logo of our customer and delivers the silver coins to us in Mumbai
  • The job worker raises a labour invoice to us
  • These silver coins are supplied to our customer office locations pan India

Thank you so much