Sharad Suman Das
(art)
(141 Points)
Replied 28 October 2011
such goods will not be exisable as u are not manufacturing those goods, niether u are changing the basic charecter of such goods
Raginee Goyal
(Chartered Acountant & Indirect Tax consultant)
(27 Points)
Replied 29 October 2011
If the inputs are excisable inputs purchased into the factory (for which input credit is also available to assessee ) and then used and disposed as waste etc., the removal shall also be excisable.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 29 October 2011
if input credit is taken, then clearance value is subject to duty,
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