DEAR ALL,
I WOULD LIKE TO THAT BEING A FIRM HAVING TURNOVER OF INR MORE THAN 2 CRORE, PURCHASING THE GOODS FROM KARIGAR / FIRM AND PACK IT IN OWN GODOWN / SPACE, WOULD FALL UNDER EXCISE CATEGORY. GOODS IS EXCISABLE.
FURTHER, IF WE REGISTERED WITH EXCISE THEN WITH ABOVE CIRCUMSTANCES, SHOULD WE CHARGE THE EXCISE DUTY ON BILL? OR THE SAME IS TREATED AS TRADING ONLY.
THANKS/REGARDS,
VIJAY
mention the ITC / HScode of the item or specify the item, before mputting such question
yes , you are coming in the category of excise because packing is also a manufacturing according to the excise act.
Yes its deemed manufacturing defined in 2 (f) (ii) / 2 (f) (iii)
unless HS code or ITC is not provided, its complex to reply, say you purchaseda truck and sold after re leveling, but as the duty of truck is already paid by manufacturer, you are not liable to pay, so important factor is the comodity and the distribution system process.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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