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Machine developed for self utilisation

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..... Machine developed for self utilisation
Query (Issue) Started By: - RAM SHARMA Dated:- 31-10-2013 Last Reply Date:- 31-10-2013 Central Excise
Got 1 Reply
Central Excise
Dear Experts, We .....

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..... are registered manufacturer for excisable goods in central excise. We have developed and made some machine for self utilisation for manufacturer of exciasable goods. We are not registered for making m .....

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..... achine in central excise. Please advice what will be the consequences for such activity on central excise point of view and also want to know the excise liability and procedure in this regards. Than .....

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..... ks Reply By MANDAVILLI RAMAKRISHNA: The Reply: if you have already crossed the SSI limit or by the cost plus 10 percent of the machine value, then you will be taxable. pay tax treating the value of .....

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..... the machine on the date of usage and reflect in your tax returns and pay taxes. take input credit as applicable.
Discussion Forum - Knowledge Sharing .....

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