Taxability of ginning factory
This query is : Resolved
gaurav bhartiya
(Querist)
24 October 2012
Hello,
One of my clients is starting a Ginning and Pressing Factory. I wish to enquire whether his products i.e. Lint and cotton seeds produced from raw cotton would be taxable under excise?
Thanking You
Regards
CA Gaurav R Bhartiya
Nanded
One of my clients is starting a Ginning and Pressing Factory. I wish to enquire whether his products i.e. Lint and cotton seeds produced from raw cotton would be taxable under excise?
Thanking You
Regards
CA Gaurav R Bhartiya
Nanded
CA Ayush Agarwal
(Expert)
24 October 2012
Dear Gaurav,
In Ginning factory, Activities are Not Covered Under Manufacturing, These are Process Only, & Also Exempted From Excise Duty.
Since You are From My Region, I Suggest You to Go With CETA for Detail One & Ask Your Client to Go Ahead With This projects .....as There are Lots of Opportunies Available in This Project.
Regards,
CA Ayush Agrawal
Parbhani
In Ginning factory, Activities are Not Covered Under Manufacturing, These are Process Only, & Also Exempted From Excise Duty.
Since You are From My Region, I Suggest You to Go With CETA for Detail One & Ask Your Client to Go Ahead With This projects .....as There are Lots of Opportunies Available in This Project.
Regards,
CA Ayush Agrawal
Parbhani
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