Pls help me on this matter
Excise duty will be applicable or not on goods from wholly owned subsidiary Company.
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Applicability of excise duty
Replies (3)
Excise duty is on manufacuturing. So irrespective of the nature of the transation duty applicable if you remove the goods from factory.
Regards
Dayananda
The applicability of Excise is not dependent on the nature of company say that it is wholy owned subsidiary company or not. Excise Duty is applicable only on the manufectured product. for Detail, Please read entry 84 of Indian Constitution.
| Originally posted by : Suraj Agarwal | ||
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The applicability of Excise is not dependent on the nature of company say that it is wholy owned subsidiary company or not. Excise Duty is applicable only on the manufectured product. for Detail, Please read entry 84 of Indian Constitution. |
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Im agree with Suraj sir
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