Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Excise help

This query is : Resolved 

Wanted to know more about Excise duty when it was applicable;
for a product which was bought and sold with my own Tradename and Logo in the year 2010-2017.
and the product was exciseable
1.Is Excise duty was applicable from very first sales .
2.Goods were purchased and sold by own tradename.
3.If i was not paid excise duty after a sales turnover more than 1.6 cr in a particular year.
than what will happen.


Excise duty will be applicable on manufacturing of goods and ssi exemption was applicable upto 1.5 cr. If you have purchase the goods and sale the goods bearing a own brand then it will be covered under the deemed manufacturing of goods and you need to pay excise duty.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





close
CA Learning