Excisable goods??
This query is : Resolved
21 June 2009
Dear experts
Could you please clarify whether the goods which are included in the tariff at NIL rate of duty are excisables goods or not.
Thanks
Could you please clarify whether the goods which are included in the tariff at NIL rate of duty are excisables goods or not.
Thanks
Sanjeev Jain
(Expert)
22 June 2009
According to section 2(d) of Central excice act every Goods which satisfy the following Condition wiil be a Exciable Goods whether chargeable to duty or not: -
01. Must be Manufacture or Produced in India
02. Mentioned In Central Excise Tariff Act
03. Movable
04. Marketable
If all the aforesiad conditions are satisfied it shall be a Exicable Goods.
01. Must be Manufacture or Produced in India
02. Mentioned In Central Excise Tariff Act
03. Movable
04. Marketable
If all the aforesiad conditions are satisfied it shall be a Exicable Goods.
CMA Ankur Pandey
(Expert)
22 June 2009
yes its exciable
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