is excise duty is applicable to job work/ labour charges? how and why? what is the rate applicable for the same? and also for what type of job work it is applicable and not applicable?
Menu
Applicability of Excise
Replies (4)
hi,
if the process done by job worker amounts to maufacture then exicise duty is payable by job worker. Rule 10A of central excise valuation rules provides for valuation of such transactions. Exemption notification 214/86 is issued in this regard. Also refer case law Ujjagur prints-1988 SC.
AGRRED WITH HEMANT
& A NICE ONE KAPIL
Do remember that under exemption notification No. 214/86 the goods should be returned back within 180 days otherwise the jobworker is liable for duty payment.
I will agree with P. Bashista.
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
