HOW MANY STAGE OF FINAL PRODUCT, Central Excise

[RAM SHARMA]

Dear Experts,

How many stage should be complete to treat as a final product in excise point of view. Can we consider one or two process is sufficient to treat as a final product. Pl. elaborate.

Thanks

 

Posts / Replies

[Pradeep Khatri]

It would be defined only by the Assessee that whether a product is rawmaterial, semi finished or finished goods.  Your finished goods, may be for others, can be  Semi finished or Raw material.

Further, it would also depend on the nature of a particular product.