APPICABILITY OF EXCISE ON GOODS REMOVED FOR EXIBITION PURPOS
This query is : Resolved
14 May 2011
SIR,
I WOULD LIKE TO KNOW WHETHER EXCISE DUTY IS PAYABLE ON GOOD REMOVED FOR EXHIBITON PURPOSE AND SUPPOSED TO COME BACK AFTER EXBITION IS COMPLETE. IS THE EXCISE INVOICE IS TO BE MADE FOR GOODS REMOVED. FURTHER WHAT IS THE EXCISE ENTRIES AND ACCOUNTING ENTRIES NEED TO BE MADE IN THIS REGARD?
I WOULD LIKE TO KNOW WHETHER EXCISE DUTY IS PAYABLE ON GOOD REMOVED FOR EXHIBITON PURPOSE AND SUPPOSED TO COME BACK AFTER EXBITION IS COMPLETE. IS THE EXCISE INVOICE IS TO BE MADE FOR GOODS REMOVED. FURTHER WHAT IS THE EXCISE ENTRIES AND ACCOUNTING ENTRIES NEED TO BE MADE IN THIS REGARD?
U S Sharma
(Expert)
23 May 2011
you can remove under bond for exibition purpose, and then return back to factory of manufacture,
in case you sell out the goods from exibition ground, you have to pay the duty on sales invoice value.
For details of bond procedure visit "tech superintendent" of your excise division.
in case you sell out the goods from exibition ground, you have to pay the duty on sales invoice value.
For details of bond procedure visit "tech superintendent" of your excise division.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
