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
Arun Kumar Singh
(Expert)
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.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
