TaxTMI 
TaxTMI 
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
HOW MANY STAGE OF FINAL PRODUCT
24 Feb 2013 
1 Reply 
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Product classification depends on the assessee's determination and the product's nature for excise treatment status.
Whether an item constitutes a final product for excise purposes depends on the taxpayer's designation as raw material, semi finished or finished and on the factual nature of the article; goods treated as finished by one person may be semi finished or raw material for another. (AI Summary)
Whether an item constitutes a final product for excise purposes depends on the taxpayer's designation as raw material, semi finished or finished and on the factual nature of the article; goods treated as finished by one person may be semi finished or raw material for another. (AI Summary)