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Excise Duty on tools cost - Regarding

Central Excise - Started By: - SAKTHIVEL PONNUSWAMY - Dated:- 24-12-2015 Last Replied Date:- 25-12-2015 - Dear All,Could you please give your views in the following situation on applicability of central excise duty or not?A Ltd. is the manufacturer o .....

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vailable in the A Ltd.'s factory. Now A Ltd. is raising an invoice for the tools developed for B Ltd.'s Components and requested B Ltd. to pay the invoice upfront. A Ltd. Clearly communicated to B Ltd. that it will not amortize tool cost in t .....

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ovement of goods not involved, hence they cannot take cenvat credit of the duty charged in the tools invoice3.is it required to sent back the tools within 2 years, if so, from which date the 2 years period can be calculated.Regards,SAKTHIVEL PONNUSWA .....

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ith the facility available in the A Ltd.'s factory, for the manufacture of components required by 'B' Ltd. Since both the tools and components are manufactured by A, A need not pay duty on the tool developed by A under Notification No. 67 .....

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