Notification 67/95 for captive consumption

[RAM SHARMA]

Dear Experts,Whether any capital goods mfg or fabricated by the other agency in own premises is exempted from excise duty and central excise registration under notification 67/95.Please advice.Thanks

AI Summary

Debate on Excise Duty Exemption for Capital Goods Under Notification 67/95: Clarification on Registration and Reporting Requirements A discussion on a forum centers around the applicability of Notification 67/95 regarding the exemption of excise duty for capital goods manufactured by another agency within a factory. Participants debate whether such goods, used for further production of dutiable goods, qualify for exemption. It is clarified that if capital goods are used for manufacturing dutiable final products, the exemption applies, and no additional excise registration is needed if the factory is already registered. Furthermore, the necessity of amending registration to include captively consumed capital goods and reporting them in returns is questioned.