Hello friends,
I am relatively new to excise duty.
Please help me to solve the following query to understand the basics of excise.
Suppose a manufacturer of goods manufactures a product X which is subject to duty of excise under tariff act. In the process of making product X if an intermediate goods i.e. Y is produced which is also separately subject to excise duty under tariff act. For making one unit of X, a corresponding one unit of Y is consumed.
Now please tell me whether excise duty shall be charged separately at two stages :
One at the stage where Y product is made and one at the stage where X is made?
or will it be chaged only on X product.? since all Y product are used for making X product.
Please reply and help.
Thanking in anticipation.
CAclubindia
