Excise duty on machinery part
This query is : Resolved
Kailash Chand Jethlia
(Querist)
02 May 2012
Dear All experts,
Whether a Machinery Part manufactured and used for self consumption, not for sale and trading, is liable to Excise Duty.
Thanks
Whether a Machinery Part manufactured and used for self consumption, not for sale and trading, is liable to Excise Duty.
Thanks
S.P.Mahanta
(Expert)
05 May 2012
Capital goods including spare parts manufactured in workshop of manufacturer & used in repair maintenance of plant & machinery inside the factory exempted from excise duty.
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Kailash Chand Jethlia
(Querist)
08 May 2012
Thanks for your prompt reply.
Can you please provide me some references of sections/rules in this respect?
Thank you
Can you please provide me some references of sections/rules in this respect?
Thank you
Rajesh Kumar
(Expert)
18 May 2012
The relevant Notification is 67/95.CE as amended.
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