WE ARE AN EXCISE UNIT REGISTERED AS MANUFACTURER WE HAVE GOT AN ORDER FOR WHICH WE ARE PURCHASING RAW MATERIAL FROM TWO DIFFERENT SUPPLIER WHO ARE REGISTERED AS TRADER IN EXCISE.NOW WE ARE ASSEMBLING BOTH THE PRODUCT IN OUR PREMISES . PLEASE ADVICE CAN WE CHARGE EXCISE TO THIS ASSEMBLED PRODUCT IN OUR SALE INVOICE AT OUR AGREED SALE PRICE.
Menu
CALCULATING EXCISE
Replies (2)
Since you are purchasing the raw material and utilising the same for the manufacturing of entirely new product you are liable to pay duty on it and you can also charge the same on your invoice.
You should pay the duty for value of your manufacturing product only if is liable for excise duty, whether you are using excisable and non exciable goods in your manufacturing.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
