banner_ad

Excise is on manufacturing goods

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 September 2013 Dear Experts Excise Duty is imposed on manufacturing goods at the time of goods made or after it has been sold & amount received.
Profile Image

CMA Loganathan Sekar

Profile Image

CMA Loganathan Sekar (Expert)
14 September 2013 Hi, as per central excise act, 1944 excise duty is on "manufactured goods", liability arises as soon as goods manufactured. Payment of duty on clearing of goods (removal of goods from factory), this is just a collection convenience. Hence selling of goods or receipt of payments are not relevant for excise duty..
Many Thanks,
Loganathan
Cost Accountant
Profile Image

Vijay Thadani

Profile Image

Vijay Thadani (Expert)
14 September 2013 Excise duty is on manufacture of goods. The duty is payable at the time of removal from factory, if it is the place of removal.

It does not have relationship om whether the goods are sold & amount received.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details