Exscsie is leviable on pet flake or not
This query is : Resolved
Vipin Bansal
(Querist)
15 October 2011
Sir
our company is going to manufacture PET FLAKES from PET BOTTLES. Please let me know whether manufacturing of PET FLAKE is liable to excise or not
Thanks
Vipin
our company is going to manufacture PET FLAKES from PET BOTTLES. Please let me know whether manufacturing of PET FLAKE is liable to excise or not
Thanks
Vipin
15 October 2011
manufacture of PET FLAKES liable to excise....if Amount of excisable goods mean "pet flakes" cross the limit of RS. 4 crore ..or liable to registration if cross the limit of 1.50 crore
Madhukar N Hiregange
(Expert)
24 October 2011
If the process results in a product which is distinct, different from the pet bottles as understood in trade, it would amount to manufacture.
As mentioned SSI exemption would be availableif within limits.
As mentioned SSI exemption would be availableif within limits.
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