Excise credit
This query is : Resolved
18 February 2014
Dear Sir
We are having a manufacturing site and also a repackaging unit under the group of company.
for our production we use to buy some RM for which we use to avail excise duty credit.
Some time we transfer the same RMs to the repackaging unit for their use. Same time through a manual Delivery challan the same is happening. What is the impact of excise duty credit to both the unit i.e.Manufacturing unit and repackaging unit. Please help me on this.
We are having a manufacturing site and also a repackaging unit under the group of company.
for our production we use to buy some RM for which we use to avail excise duty credit.
Some time we transfer the same RMs to the repackaging unit for their use. Same time through a manual Delivery challan the same is happening. What is the impact of excise duty credit to both the unit i.e.Manufacturing unit and repackaging unit. Please help me on this.
19 February 2014
Repacking is amounts to deemed manufactured but depend upon the classification of goods. you should consult with any professional.
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