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Concept of Deemed Manufacturer - Basics of Excise



Lux Ltd Purchases 1000 soap from A  Ltd @ Rs 4 each + Excise 12.5%

It sells goods @ Rs 10 each after putting its Label

Whether excise Duty Payable on Such excise?


Yes, as Lux is a Deemed manufacturer.

He is liable to pay excise Duty

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.