Excise duty payable on closing stock of finished goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2014
I am manufacturer.
I am going to file ER-3 for July -Sep 14.
At the end of Sep month,2650 kgs finished goods lying in warehouse .
So my query is that whether i have to pay excise duty on finished goods which lying in warehouse or not?
Kindly advice me.
Thank You.
I am going to file ER-3 for July -Sep 14.
At the end of Sep month,2650 kgs finished goods lying in warehouse .
So my query is that whether i have to pay excise duty on finished goods which lying in warehouse or not?
Kindly advice me.
Thank You.
Arun Kumar Singh
(Expert)
06 October 2014
If goods are not cleared from factory then no need to pay excise duty on finished goods.
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