Dear experts
We are a manufacturing company. Our employees carry goods to customer place to give demo & bring it back. Sometimes, its left with the customer for few days & returned by customer.
In this scenario is Excise duty payable at the time of removal of goods. Kindly guide. It would be nice of u if any reference to substantiate is given.
Excise duty is payable on samples/demo even if they are not sold.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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Hema Yashwanth & Associates
Chennai
B.Com
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CCI
Pro
CAclubindia
