Excise duty - free of cost goods

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WHETHER FREE OF COST ISSUE EXCISABLE GOODS ATTRACTS EXCISE DUTY?WHY? BY WHICH RULE?

AI Summary

Free Goods in Manufacturing Must Be Valued for Excise Duty; Rule Clarifies Inclusion in Valuation. A query was raised regarding whether goods issued free of cost attract excise duty and under which rule this applies. The response clarified that the cost of free-of-cost materials used in manufacturing excisable goods must be included in the valuation for excise duty purposes.