banner_ad

Excise duty on manufactured goods used at plant site

EXICSE (Legacy) 5357 views 2 replies

 A company is engaged in the manufacture of Steel Ingots and Sariya. They recently bought a new machinery which required construction of a shed. The Sariya manufactured for sale was used within the factory for such construction. Is Excise Duty to be levied on the Sariya? If yes, is CenVat Credit allowed on such Excise Duty charged on the company by its own self?

Replies (2)

This is a case of captive consumption ,cenvat credit is allowed on inputs and duty has to be discharged on outputs including this captive consumption 

Originally posted by : sivaram
This is a case of captive consumption ,cenvat credit is allowed on inputs and duty has to be discharged on outputs including this captive consumption 

AGREE


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details