Non excisable goods and exempted goods(difference)

This query is : Resolved 
 

(Querist) 11 July 2012

Dear All,

Could you please explain me what is the difference between non excisable goods and exempted goods?

Thanks


CA Harshit Rastogi (Expert) 11 July 2012

Goods on which excise is levied by act however this commodity is exempted by any notification or by any other manner is exempted goods....

Goods on which excise is not levied by act is non excisable goods........

Harsha.H (Expert) 11 July 2012

non excisable goods are those, which are not shown in CENTRAL EXCISE TARRIF ACT.


exempted goods are those, which are shown in CENTRAL EXCISE TARRIF ACT, but duty liability is exemted by any of the notifications issued by the central gazzete of india.


Mrs. Rakesh (Querist) 17 September 2012

Thank you to both of you



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