Check sibling questions

Production of Making Shirt

Concept of Deemed Manufacturer - Basics of Excise

 

Example

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?

-a- 

Yes, as Lux is a Deemed manufacturer.

He is liable to pay excise Duty


Davneet Singh's photo - Teacher, Engineer, Marketer

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.