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Central Excise - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Valuation - The tools were used for manufacture of components ...


Tools for Job Work u/r 4(5)(a) Exempt from Excise Duty; No Amortization Cost in Valuation Required. (5)(a.

February 8, 2017

Case Laws     Central Excise     AT

Valuation - The tools were used for manufacture of components under job work in terms of Rule 4(5)(a). In such case no excise duty is payable. Therefore, no question of inclusion of amortisation cost of the tools arise. - AT

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