Dear All,
Please be informed that we have manufactured the machine and now we have decided to use in our factory production itself or either we can use it for a demonstration to our clients.
This machine is the final product which we have manufactured and no other manufaturing activties will be done nowonwards.
Please let me know what will be the excise procedure for it. Whether we can have the invoice for it as per Valuation Rules 8 (110% value additioin) and pay the exact duty.
Please assist.
Regards
Chetan
Excise Executive
CAclubindia
