Tax on depo
This query is : Resolved
hardik shah
(Querist)
07 December 2013
suppose xyz com. has 2 units....x & y..
x is manufacturing unit having excise and servise tax nu. also.
y is depo.
all the goods came in the name of unit x address..
if we purchases the raw material on unit x address but directly transfer this raw material from unit x to unit y ( depo )..
then we are liable for excise duty..?
is there any other way to avoid the excise duty on goods..?
x is manufacturing unit having excise and servise tax nu. also.
y is depo.
all the goods came in the name of unit x address..
if we purchases the raw material on unit x address but directly transfer this raw material from unit x to unit y ( depo )..
then we are liable for excise duty..?
is there any other way to avoid the excise duty on goods..?
Arun Kumar Singh
(Expert)
07 December 2013
No duty liability will be arise if process does not amounts to manufacture.
hardik shah
(Querist)
08 December 2013
sir suppose i purchses the raw material and enter this in inward register of manufacturing unit & keep it at manufacturing unit ...but i dont process on this product and directly sell this...
then i have to pay excise duty?
then i have to pay excise duty?
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