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.
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
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Closer of business and itc of capital goods
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
