Excise duty - free of cost goods

[Guest]

WHETHER FREE OF COST ISSUE EXCISABLE GOODS ATTRACTS EXCISE DUTY?

[Surender Gupta]

Cost of FOC material used in the manufactring of excisable goods should be included in the value for the pupose of valuation and payment of excise duty.

AI Summary

Free-of-Cost Goods in Manufacturing Must Be Valued for Excise Duty Inclusion A query was raised regarding whether goods issued free of cost are subject to excise duty. The response clarified that the cost of free-of-cost materials used in manufacturing excisable goods should be included in the valuation for excise duty purposes.