9911796707
TMI BlogExcise Duty ApplicableX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello We have registered for manufacture under central excise Act , we were procuring for cables Transformer from our various suppliers, for the same material will be sales to our customers without any modification on cables Transformers. In that case that material is applicable for Excise duty. Pls advise to me. - Reply By Naveed S - The Reply = U have not mentioned whether u r also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... registered under central excise act for manufacturing of cables and transformers or these are bought out items for further sale. Please clarify - Reply By PAWAN KUMAR - The Reply = Please clarify whether you are in trading business of identical goods. - Reply By Rahul nathan - The Reply = we have registered under manufacture . - Reply By Naveed S - The Reply = My clarification was (i) whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther you are registered for manufacture of cables and transformers or for any other goods and (ii) whether you have availed cenvat credit for procurement of cables and transformers or whether they are bought out items. Please clarify. - Reply By YASHAVANTH RENUKA - The Reply = Dear Rahul, You have registered as manufacturer under C.Ex. Act. if you are availing credit of cables, Reverse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it at the time of sales to other party. If it is same price no extra duty payable. If price variation pay the difference duty. If the cables are part of Transformers supply, pay duty only on such commodity. - Reply By arup das - The Reply = Dear Mr Rahul On your primary question whether excise duty is applicable or not, the Answer is No - Since you are not manufacturing the cables/tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ansformers you are not supposed to charge excise duty. Excise duty is charged only when you manufacture. In the present case you are not manufacturing so no question of excise duty applicability. Even if there is value addition you are not supposed to charge excise duty. On Credit availability:- Since you are not using it for manufacture you are not supposed to avail the credit. Additional info ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmation :- Suppose you are also manufacturing an excisable product and cable and transformers are accessories of the excisable product, and at the time of sale you are invoicing as a single product then you need to charge excise duty even on cables/transformers and also on the input side you are eligible to take the input credit. Kindly Note :- If you are doing a trading from your manufacturing p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... remises and your trading product is identical to manufacturing product then you need to bifurcate your premises between manufacturing and trading premises. Permission will be given by your range office. Regards Arupp Das - Reply By PAWAN KUMAR - The Reply = Dear Rahul Ji, As per the scenario, it is clear that you are in trading of identical goods which you also manufacture in your registered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... premises. In such case of trading of identical goods, permission is required from the jurisdictional commissioner of central excise not from the range office. Please refer Instruction No.02/2001 dated 12.11.2001 of Pune-II Commissionerate. - Excise Duty Applicable - Query Started By: - Rahul nathan Dated:- 10-4-2014 Central Excise - Got 7 Replies - Central Excise - Discussion Forum - Knowledge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
