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excise duty

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(Querist)
08 July 2008 excise duty pay after sale or after
production

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Yatesh Prakash Renuke

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Yatesh Prakash Renuke (Expert)
08 July 2008 Excise duty is to be paid on the finished goods produced. Excise duty is collected through sales invoices from the Customer & we have to make the excise duty payable provision on the closing stock of finished goods.
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ajaybhatia

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ajaybhatia (Querist)
08 July 2008 thank u sir
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joginder

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joginder (Expert)
08 July 2008 Exise duty is payable at the time of dischage of goods from factory or godown or for captive use the provision are not only applicable on finished goods but also on raw materials (except some cases like when goods will come back within 180 days from discharging from factory or godown).
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