Is it mandatory to pay duty on all goods manufactured cs professional advanced tax law notes



Posted on 22-03-2016        By ADMIN



Is it mandatory to pay duty on all goods manufactured?

Yes, it is mandatory to pay duty on all goods manufactured, unless exempted. For example, duty is not payable on the goods exported out of India. Similarly exemption from payment of duty is available, based on conditions such as kind of raw materials used, value of turnover (clearances) in a financial year, type of process employed etc.



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