EXCISE DUTY LEVIED CONCEPT IN CHART CS PROFESSIONAL TAX NOTES


Posted on 22-10-2015        By chetan

EXCISE DUTY LEVIED CONCEPT IN CHART CS PROFESSIONAL TAX NOTES 1. MENTIONED IN CETA WITH A RATE OF DUTY. (M) NANDI PRINTERS LTD (SC). Nil rated and Exempted goods are still excisable. SOLARIS CHEMTECH LTD (SC). Goods having blank rate is not excisable. 2. GOODS AS DEFINED IN DELHI CLOTH AND GENERAL MILLS (DCM). MOVEABLE: (M) ? MUNICIPAL CORPORATION OF GREATER MUMBAI (SC). MARKETABLE: (M) ? INDIAN CABLE CO. (SC). Actual sale is not relevant. ? DCM (SC). Captively consumed goods. ? MOTI LAMINATES PVT. LTD. Article having short shelf life. ? BHOR INDUSTRIES (SC). Mentioned in CETA is not enough. ? ANDHRA PRADESH ELECTRICITY BOARD. Even a single buyer makes good marketable.


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