Applicability of excise duty.
Rahul Patwa (Mumbai) (75 Points)
18 April 2016
Selling of Loose Diamonds is liable to Excise Duty ??
Rahul Patwa (Mumbai) (75 Points)
18 April 2016
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 18 April 2016
Exise is applicable if one is adding value to the material.
If only trading is done than excise not applicable.
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