Excise duty on free issue material
This query is : Resolved
CA Vishnu Kant Sharma
(Querist)
04 June 2013
Dear Expert
We have got an project for preparing storage tank , now the steel we are going to use would be supplied by party in Plate form and we will do labour work on it and will change the form of it which falls under different chapter heading in Excise and excise duty would be chagreable on it.
So we want to know how our clent will issue the free material to us and what would be excise implication on it.
Please clarify in details
Thanking you in advance
We have got an project for preparing storage tank , now the steel we are going to use would be supplied by party in Plate form and we will do labour work on it and will change the form of it which falls under different chapter heading in Excise and excise duty would be chagreable on it.
So we want to know how our clent will issue the free material to us and what would be excise implication on it.
Please clarify in details
Thanking you in advance
Arun Kumar Singh
(Expert)
04 June 2013
As explain by you these activity is service. so, service tax can be applicable at your services.
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