Barter sysytem
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2012
Hello,
Whether Excise Duty is levied on Barter System ?
Suppose,company is not able to make the payment obligation and against that the said party lifts the goods. Will the excise is levied or not on such transaction ?
Whether Excise Duty is levied on Barter System ?
Suppose,company is not able to make the payment obligation and against that the said party lifts the goods. Will the excise is levied or not on such transaction ?
Arun Kumar Singh
(Expert)
28 October 2012
Excise duty will not be applicable on barter system. If production of goods or amounts to manufacture then excise duty will be applicable.
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