Query on levy of excise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2015
My Client is a steel manufacturer. During the course of his production mill scale is produced which is excisable now. But Earlier Mill scale was not Marketable hence we did not accounted for it and neither paid excise on it. During the last previous year we booked 11000 mt relating to past 10 years mill scale in books of accounts as it marketable now.
Sir my query is whether i am required to pay excise duty on sale of these 11000mt mill as they were not marketable at the time when they were produced
Sir my query is whether i am required to pay excise duty on sale of these 11000mt mill as they were not marketable at the time when they were produced
26 August 2015
If you are manufacturing the goods and goods falling under central excise tariff head then you need to pay excise duty. You should consult with any professional.
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