Dear Sir,
We have manufactured finished good but not removed outside factory the excise duty applicable on finished goods.The excise duty payment need to show in ER 1?Please help us ASAP.
regards ,
Balendra Parmar.
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Finished goods not removed out of factory
Replies (1)
Hello Mr,. Parmar.
Mfg of finished goods only creates levy of excise duty.
Liabilty toi pay excise duty arises on removal of FG.
So you have to pay excise duty when you remove the finished godos outside th factory.
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