Pls help me on this matter
Excise duty will be applicable or not on goods from wholly owned subsidiary Company.
Jagdish Bhalia (Practicing CA) (453 Points)
03 September 2011Pls help me on this matter
Excise duty will be applicable or not on goods from wholly owned subsidiary Company.
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 03 September 2011
Excise duty is on manufacuturing. So irrespective of the nature of the transation duty applicable if you remove the goods from factory.
Regards
Dayananda
Suraj Agarwal
(Self Practitioner in Income Tax & GST)
(782 Points)
Replied 03 September 2011
The applicability of Excise is not dependent on the nature of company say that it is wholy owned subsidiary company or not. Excise Duty is applicable only on the manufectured product. for Detail, Please read entry 84 of Indian Constitution.
Durga prasad Ambati
(Taxation, Pursuing CA)
(737 Points)
Replied 03 September 2011
| Originally posted by : Suraj Agarwal | ||
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The applicability of Excise is not dependent on the nature of company say that it is wholy owned subsidiary company or not. Excise Duty is applicable only on the manufectured product. for Detail, Please read entry 84 of Indian Constitution. |
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Im agree with Suraj sir
CAclubindia
