Limit & eligibility
This query is : Resolved
05 August 2011
Ours is a Air Conditioning related company. We have our line of products and we also undertake projects also. In 2010-11 our Total Value of products was around Rs.30lacs & Projects was worth 1.5crores.
Out of the projects most of the items are bought out (Voltas/BlueStar/Crompton etc)which are covered by Excise Duty and only 5% of the items are made in our factory.
Will we be covered under Excise Duty? Can anyone clarify?
Out of the projects most of the items are bought out (Voltas/BlueStar/Crompton etc)which are covered by Excise Duty and only 5% of the items are made in our factory.
Will we be covered under Excise Duty? Can anyone clarify?
05 August 2011
you have to maintained own inventory control to reflect that such goods are trading items and not manufactured by yourself, however in invoice such items should be sold "as is where is" basis without change of the commodity.
balance portion which are manufactured by yourself would be your exisable turnover. and you are eligible to avail SSI benefit.
balance portion which are manufactured by yourself would be your exisable turnover. and you are eligible to avail SSI benefit.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
