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Excise duty on Inhouse Captital Goods/Sapares, Central Excise |
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Excise duty on Inhouse Captital Goods/Sapares |
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R/sir,We are Manufacturing of Chemical as a Finished Goods and pay duty at the time of Removal . But we have prepare in house toolsand spares with purchase of raw material excisable and Non Excisable . Can Duty liability on this toolsand spares ? Please guide in this query . Thanks Snehal Shah
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear snehal, These tools and spares are exempt if:-1. Manufactured within your factory. 2. Used within your factory for manufacturing of dutiable final product. Please refer Notification No. 67/1995-CE for details.
Dear Snehal, Manufacturing of capital goods for captive use, are exempted under Notification No. 67/1995-C.E., since these goods remains in the factory itself and are not being removed. Regards YAGAY and SUN (Management, Business and Indirect Tax Consultants) Page: 1 Old Query - New Comments are closed. |
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