Hello Sir,
I have a question regarding levy of central exicse duty.
Can party charge Excise duty on material handling charges?
Thanks
JATIN PANERIA
JATIN R PANERIA (EXECUTIVE ACCOUNTS) (38 Points)
11 June 2017Hello Sir,
I have a question regarding levy of central exicse duty.
Can party charge Excise duty on material handling charges?
Thanks
JATIN PANERIA
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 11 June 2017
Input Handling Costs or Material handling Costs (ie., Pre-manufacturing Costs) are to be included in the Assessable Value for levying Excise Duty. This view is supported by Supreme Court in Mysore Rolling Mill (P) Ltd 28 ELT 50.
JATIN R PANERIA
(EXECUTIVE ACCOUNTS)
(38 Points)
Replied 25 June 2017
Sir, Thank you so much for your reply.