It is applicable is
4 M are satisfied
- Movable – Goods must be moved
- Marketable – Goods must be Capable on being sold
- Manufacture – Goods must to Manufactured. Manufacturer means normal manufacturer + Deemed manufacturer mentioned
- Mentioned in CETA – Rate of tax should be mentioned in CETA
Whether Excise Duty Charged on following
(a) Building Constructed
View answer
Building is not Movable, hence no Excise Duty
(b) Waste Produced which is thrown in river
View answer
Waste is not Marketable, hence no Excise Duty
(c) Agricultural goods Produced
View answer
It is Movable and Marketable and Production is Manufacture
Rate of tax are not mentioned in CETA hence no Excise Duty
(d) Waste Produced sold in market
View answer
It is Movable and Marketable and Production of waste is Manufacture
if Rate of tax is mentioned in CETA Then Excise Duty is applicable