Dear all
What is the excsie duty payable on spectacles & goggles imported sold as it is.
And if sold with repacking and brand name what will be the position.
Urgent
Dear Friend,
Excise duty is payable only if the goods are manufactured or produced in India. Where the goods are imported and sold as it is (i.e. without carrying out any activity thereon) there is no question of levying C. Excise duty.
Further, mere repacking or branding of spectacles or goggles does not amount to manufacture. In fact mere repacking or branding of any item does not amount to manufacture unless there is a deeming provision by way of a chapter note or by way of inclusion in schedule III of the C. Excise Act. In case of spactacles and goggles there are no such deeming provisions.
[b]Therefore, the questions are answered as below:
[/b]
Q: What is the excsie duty payable on spectacles & goggles imported sold as it is.
A: No excise duty is payable when the imported goods are sold as such.
Q: And if sold with repacking and brand name what will be the position.
A: No duty is payable, since repacking or branding or spectacles/ goggles does not amount to manufacture.
Thanks,
Sanjay Dwivedi
CAclubindia
