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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 of automobile components, whereas its customer, B Ltd., requested for components suited for their requirements. To manufacture such a components a special purpose tool required to be developed. A Ltd. developed tools in its factory with the facility a .....

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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 PONNUSWAMY - Reply By Rajagopalan Ranganathan - The Reply = Sir, 1. A Ltd. is the manufacturer of automobile components. 2. A's customer, B Ltd., requested for supply of components suited for their requirements. 3. A Ltd. developed tools in its factory w .....

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