Excise Duty on clearance of goods as it is or partial add.
This query is : Resolved
Tapas Kumar Sinha
(Querist)
16 April 2009
Dear Sirs,
What will be the excise duty chargeable if we take the input in manufacturing fold after taking CENVAT credit and clearing the same goods as it is or after some partial addition to it.Kindly give your clarification with reference to relevant provision of Central Excise Law.
Thanks & Regards
Tapas
What will be the excise duty chargeable if we take the input in manufacturing fold after taking CENVAT credit and clearing the same goods as it is or after some partial addition to it.Kindly give your clarification with reference to relevant provision of Central Excise Law.
Thanks & Regards
Tapas
19 April 2009
Valuation on Transaction value Sec 4 but should not be less than the purchase price, since there has been value addition. So the excise duty payable should stand higher than what was availed as cenvat credit.
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