A Ltd. gives its mould/dye to B Associates for manufacturing a product which will be consumed by A Ltd. Who will be liable to pay excise duty ? A Ltd. or B Associates. If A Ltd. is liable to pay excise duty , is it because the transaction is in the nature of Job Work.?
Menu
Excise Liability
Replies (2)
I understood that 'B' stands as jobworker for 'A'
If this is a jobwork process Under rule 57f of excise then either the manufacturer or jobworker any one of them is liable to pay excise on the finished product...
You can go through the enclosed file for more details...
The job worker is the manufacturer and hence liable to pay duty. If however the job worker follows procedure laid down in notification 214/86 or Cenvat Rule (57F4 procedure), he is exempted from paying excise duty.
Recent Topics :
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
Related Topics :
CAclubindia
