Non excisable goods and exempted goods(difference)
This query is : Resolved
Mrs. Rakesh
(Querist)
11 July 2012
Dear All,
Could you please explain me what is the difference between non excisable goods and exempted goods?
Thanks
Could you please explain me what is the difference between non excisable goods and exempted goods?
Thanks
CA Harshit Rastogi
(Expert)
11 July 2012
Goods on which excise is levied by act however this commodity is exempted by any notification or by any other manner is exempted goods....
Goods on which excise is not levied by act is non excisable goods........
Goods on which excise is not levied by act is non excisable goods........
11 July 2012
non excisable goods are those, which are not shown in CENTRAL EXCISE TARRIF ACT.
exempted goods are those, which are shown in CENTRAL EXCISE TARRIF ACT, but duty liability is exemted by any of the notifications issued by the central gazzete of india.
exempted goods are those, which are shown in CENTRAL EXCISE TARRIF ACT, but duty liability is exemted by any of the notifications issued by the central gazzete of india.
Mrs. Rakesh
(Querist)
17 September 2012
Thank you to both of you
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