28 May 2012
Please give me details as under.
I have used some excisable product in own factory for used of finished goods,but final product like finished goods is excempt for excisable goods.can we pay excise duty or which calculation.
29 May 2012
If final product is exempt from excise duty, no need to pay excise duty.
01 June 2012
If the purchased goods on which excise duty has been paid is used exclusively in the manufacture of final product which is exempt from duty of excise then in that case no credit of cenvat will be available and no duty is to be paid on final exempt product.