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Machine developed for self utilisation

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..... Dear Experts, We 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 r .....

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..... egistered for making machine 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 i .....

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..... n this regards. Thanks - 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 taxa .....

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..... ble. pay tax treating the value of the machine on the date of usage and reflect in your tax returns and pay taxes. take input credit as applicable. - Machine developed for self utilisation - Quer .....

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..... y Started By: - RAM SHARMA Dated:- 31-10-2013 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - t .....

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..... axmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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