Any intermediate product manufactured in excise free zone will be taxable or not where final product is exempt on the basis of vide notification no. 49/2003. And such intermediate product is marketable commodity.
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 17 February 2011
for such transaction refer CETA, and follow if the exemption is available on intermediate product, if not then taxable
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