TMI BlogGift is liable to excise duty or notX X X X Extracts X X X X X X X X Extracts X X X X ..... A product gifted (not sold) by a manufacturing concern(say car by Maruti Udyog) in any contest is liable to excise duty or not? - Reply By Pradeep Khatri - The Reply = Central Excise duty is on Manu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... facturing of goods and for convenient purpose, it is being collected on the removal of goods. Therefore, Central Excise duty will be paid on such kind of removals. VAT will not be payable but the I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TC on inputs involved in manufacturing of car will be burnout. - Reply By MANDAVILLI RAMAKRISHNA - The Reply = excise duty to be paid basing on the assessable value but not on the basis of commercia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l value. so you have to pay. - Reply By Harishanker Patel - The Reply = Sir, What will be the assessable value for a gifted car whether it may be only CAS4 amt or CAS4+10% or any other. - Gift is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... liable to excise duty or not - Query Started By: - Mridul Sethi Dated:- 30-5-2012 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rsonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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