one my client has doing manufacturing of automobile components he has to do trading of excise able goods ( example buying AV ₹ 100 BED 12.5 and selling 120 ) how much excise duty he to pay kindly explain legal provision of central excise
Manufacture will do Trading
MUNIRAJ SRINIVASAN
Client to Amend Registration for Trading Excisable Goods Under Circular 7/2015-Central Excise (N.T.) for Duty Credit A client involved in manufacturing automobile components seeks to engage in trading excisable goods and inquires about the applicable excise duty. The response advises amending the client's registration to include the role of a trader (first stage dealer) by submitting an online application as per Circular No. 7/2015-Central Excise (N.T.). Once registered, the client can issue cenvatable invoices for trading goods, and excise duty credit can be availed if the goods are inputs for the client. (AI Summary)