Excise the case of job work contract
This query is : Resolved
11 May 2016
Dear all,
I have a query that I'm the Principle Manufacturer and I'm not registered with Excise and I provide Raw Material to a job Worker and he Manufactures the Finished Product in his Factory he is registered with excise. now I want to know 2 things one is who will be liable to pay Excise Duty and what should be the accounting treatment for whole the transaction as I will Export this item to other country.
Can anyone help me with this.
Regards,
Kapil Kumar
I have a query that I'm the Principle Manufacturer and I'm not registered with Excise and I provide Raw Material to a job Worker and he Manufactures the Finished Product in his Factory he is registered with excise. now I want to know 2 things one is who will be liable to pay Excise Duty and what should be the accounting treatment for whole the transaction as I will Export this item to other country.
Can anyone help me with this.
Regards,
Kapil Kumar
13 May 2016
in your case you cannot tell himself as principal , due to you have not any excise registration, mfg is the principle in your case and mfg charge the excise on goods mfg. and mfg pay the same with dept.
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