Exisable goods
Querist : Anonymous
Are handicrafts and terracotta (earthenware) exisable goods ?
Querist : Anonymous
1stly, the process done with the inputs amounts to such process that a new and distinct product comes into existence.
2ndly, this new and distinct product is marketable.
3rdly, the product is mentioned under the Central Excise Tariff Act.
Your case is of the 3rd level. the products mentioned by you are not there in CETA.
In any case these products are made mainly by cottage industries on which the government has various policies to uplift this sector. So they are one of those products which are promoted by the government and are kept immune from any tax liabilities.
Click here to login now
Similar Resolved Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
