HOW MANY STAGE OF FINAL PRODUCT

[RAM SHARMA]

Dear Experts,

How many stage should be complete to treat as a final product in excise point of view. Can we consider one or two process is sufficient to treat as a final product. Pl. elaborate.

Thanks

 

AI Summary

Clarification on Product Classification: Assessee Determines if Goods are Raw, Semi-Finished, or Finished for Excise Purposes. A query was raised regarding the stages required for a product to be considered final from an excise perspective. The response clarified that the classification of a product as raw material, semi-finished, or finished goods is determined by the assessee. What one entity considers finished goods could be seen as semi-finished or raw material by another. The classification also depends on the specific nature of the product.