TaxTMI 
TaxTMI 
Dear Sir,
Can we remove the Tools from factory without payment of duty as per Notification 67/65, kindly guide us
Regards,
Avinash Bhavsar
Tool remove without duty
22 Mar 2012 
1 Reply 
1351 Views Asked by
Removal of tools from factory premises triggers excise duty liability even if factory use was exempted under notification.
Tools may be used within a manufacturing premises without payment of excise duty under the applicable notification while they remain in factory custody. Physical removal of the tools from the factory terminates that exemption and triggers excise duty liability payable upon removal, unless a different statutory exemption applies. (AI Summary)
Tools may be used within a manufacturing premises without payment of excise duty under the applicable notification while they remain in factory custody. Physical removal of the tools from the factory terminates that exemption and triggers excise duty liability payable upon removal, unless a different statutory exemption applies. (AI Summary)