definition of goods
This query is : Resolved
08 July 2009
Sir/Madam,
does "Pre-cast concrete wall/floor panel" come under the term 'goods' as per the laws of the Central Excise Act, 1944?
these precast panels are then used to build a residential house by the real estate developer.
i have a doubt regarding its marketability as per the provisions of the central excise act.
if it is marketable then it will be excisable. so i want to know whether it is marketable as per the requirement of the act.
kindly reply asap
thanks & regards
gargi.
does "Pre-cast concrete wall/floor panel" come under the term 'goods' as per the laws of the Central Excise Act, 1944?
these precast panels are then used to build a residential house by the real estate developer.
i have a doubt regarding its marketability as per the provisions of the central excise act.
if it is marketable then it will be excisable. so i want to know whether it is marketable as per the requirement of the act.
kindly reply asap
thanks & regards
gargi.
17 July 2009
Yes, it is marketable and hence dutiable.
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