there is an assessee who is manufacturing the chappals and shoes of MRP 299/-, the turnover is less than 1.5cr. wherther the excixe duty shall be applicable or not? Please state the section and clause where it falls
there is an assessee who is manufacturing the chappals and shoes of MRP 299/-, the turnover is less than 1.5cr. wherther the excixe duty shall be applicable or not? Please state the section and clause where it falls
I think it is applicable as
1) the limit is crossed
2) CETA also has classified the article under section XII and chapter 64
Join using facebook for our page
https://www.facebook.com/pages/Sampoorna/184315778304697
the limit is not crossed yet i.e. Rs 1.5cr, so why the duty is applicable, i read the refered clauses and chapters, there is no indication of applicability of tax there, the rate of duty is specified.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
