Budget 2012 -note in chapter 75 of the central excise tariff
This query is : Resolved
21 March 2012
The Finance Bill 2012 has proposed Amendments to The Central Excise Tariff Act, 1985.
The First Schedule of The Central Excise Tariff is amended so as to insert a note in Chapter 76 to provide that " the process of cutting, slitting and printing of aluminium foils shall amount
to “manufacture”.
My query is that is it essential for one to perform all the three activities of cutting, slitting and printing on aluminium foil to qualify as manufacturer ?
If one is only performing the activity of say cutting and slitting of aluminum foil and not printing, will it also be considered as manufacture ?
The First Schedule of The Central Excise Tariff is amended so as to insert a note in Chapter 76 to provide that " the process of cutting, slitting and printing of aluminium foils shall amount
to “manufacture”.
My query is that is it essential for one to perform all the three activities of cutting, slitting and printing on aluminium foil to qualify as manufacturer ?
If one is only performing the activity of say cutting and slitting of aluminum foil and not printing, will it also be considered as manufacture ?
18 July 2024
Yes, according to the amendment proposed in the Finance Bill 2012 to The Central Excise Tariff Act, 1985, the process of cutting, slitting, and printing of aluminum foils is considered as "manufacture." This means that engaging in any one or more of these activities (cutting, slitting, or printing) alone qualifies as manufacturing under the Central Excise law.
Therefore, if a person or entity is involved in the activities of cutting and slitting aluminum foils, even if they do not perform the printing activity, they would still be considered as undertaking manufacturing for the purposes of Central Excise. This would subject them to the applicable excise duty and compliance requirements under the Central Excise Tariff Act.
It's important to note that the definition of manufacturing under excise laws can vary, and specific details may be outlined in the relevant legislative texts and notifications. For precise compliance and legal implications, it's advisable to consult with a tax advisor or legal expert familiar with excise laws in India.
Therefore, if a person or entity is involved in the activities of cutting and slitting aluminum foils, even if they do not perform the printing activity, they would still be considered as undertaking manufacturing for the purposes of Central Excise. This would subject them to the applicable excise duty and compliance requirements under the Central Excise Tariff Act.
It's important to note that the definition of manufacturing under excise laws can vary, and specific details may be outlined in the relevant legislative texts and notifications. For precise compliance and legal implications, it's advisable to consult with a tax advisor or legal expert familiar with excise laws in India.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
