Excise on trading goods
This query is : Resolved
V K Vijayaraghavan
(Querist)
07 July 2013
Sir
We are a manufacturing unit with full ED @12.36% applicable. We would like to do some trading of goods related to our industry. We want to sell under same brand and remove the goods from the factory . do we have to pay excise duty. there is no manufacturing activity excepting putting our label.
Another query is can we start a trading co in a different premises and sell from there BUT UNDER SAME BRAND with out ED .
Thanks
V K Vijayaraghavan
FCA
We are a manufacturing unit with full ED @12.36% applicable. We would like to do some trading of goods related to our industry. We want to sell under same brand and remove the goods from the factory . do we have to pay excise duty. there is no manufacturing activity excepting putting our label.
Another query is can we start a trading co in a different premises and sell from there BUT UNDER SAME BRAND with out ED .
Thanks
V K Vijayaraghavan
FCA
Arun Kumar Singh
(Expert)
08 July 2013
Depend upon your classification of the goods. If your products will not fall under the deemed manufacturing activity then no need to pay excise duty on traded goods. Excise duty will not be applicable on trading activity. If branding and relabeling amounts to manufacture then excise duty will be applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- GSTR-9C filing
- Import Order Cancelled.
- Form 144 TDS Return Validation Error – Mandatory Fields
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
