banner_ad

Difference between spare parts and finished product

1067 views 3 replies

Dear Friends,

If we sale our spare in individual packing to various customer. Should we make spare parts entry in rg-1 register or only finished product. Pl. tell what is the major difference between spare parts and  finished product in excise point of you.

thanks

Replies (3)

when you are clearing spare parts from your factory, it is your finished product too.

Dear Sir,

Does quantity is matter in this regard.

Thanks

Quantity is irrelevant. If spare parts is manufactured by an assessee, clear it on payment of excise duty. If it is brought out item, on which credit has been taken, clear it clearance as such.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details