It is applicable is

4 M are satisfied

  1. Movable  – Goods must be moved
  2. Marketable – Goods must be Capable on being sold
  3. Manufacture  – Goods must to Manufactured. Manufacturer means normal manufacturer + Deemed manufacturer mentioned
  4. Mentioned in CETA – Rate of tax should be mentioned in CETA

When is  Excise Duty Applicable - Basics of Excise

Whether Excise Duty Charged on following

(a) Building Constructed

View Answer

(b) Waste Produced which is thrown in river

View Answer

(c) Agricultural goods Produced

View Answer

(d) Waste Produced sold in market

View Answer

 

  1. Tax Practical
  2. Practical Excise

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .