Intermediate goods
This query is : Resolved
Amit Kumar Agarwal
(Querist)
14 April 2010
A co. manufactures commodity X which is excisable. Commodity Y is the intermediate good produced during manufacture of Commodity X. Both commodity X & Commodity Y are excisable. As final goods are excisable vide notification No. 67/95 commodity Y becomes exempt. My query is whether excise invoice will be required to issue commodity Y for manufacture of commodity X although no tax involvement is there and commodity is not removed from factory.
Ritesh Goyal
(Expert)
14 April 2010
As per your query it is appearing that comodity y is not used captively but produces as by product.
yes for captive consumption also you have to issue excise invoice with mentioning captively used and showing notification no. 67/95 on the face of the invoice.
yes for captive consumption also you have to issue excise invoice with mentioning captively used and showing notification no. 67/95 on the face of the invoice.
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