VALUATION UNDER CENTRAL EXCISE

[MOHAMED RAFIQ]

ROYALTY PAYABLE UNDER MINING LEASE FOR EXTRACTION OF MINERALS FORMS PART OF EXCISABLE TURNOVER.PLEASE THROW LIGHT ON THIS ISSUE.

AI Summary

Royalty for Mineral Extraction in Mining Lease May Attract Service Tax, Not Included in Excisable Turnover A query was raised about whether royalty payable under a mining lease for mineral extraction should be included in the excisable turnover under Central Excise. The response indicated that such royalty payments might attract Service Tax under mining activities.