Excise on tools
This query is : Resolved
16 December 2012
We r a manufacturer of steel furniture. we are selling steel furniture to our customer with charging excise and VAT. we are also selling Tools as per the customer's requirement. but we are not manufacturing it in our premises. we r purchasing such tools from non-excisable suppliers / manufacturer and selling it to the customer without charging excise duty. we r raising trade invoices for such transactions. is it right? pls guide to make trading transaction for excisable units. what documentation should we keep as per the excise rules? Pls. suggest. Thanks
Arun Kumar Singh
(Expert)
16 December 2012
yes you are right. Trading and manufacturing activity, both should be separate and accounting should be separate.
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17 December 2012
Dear Arun sir,
do we need to take permission from Excise department for trading sales?
thanks
do we need to take permission from Excise department for trading sales?
thanks
Arun Kumar Singh
(Expert)
17 December 2012
No need to take permission for trading activity.
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