https://www.taxtmi.com/forum/issue?id=3939 Tools may be used within a manufacturing premises without payment of excise duty under the applicable notification while they remain in factory custody. Physical removal of the tools from the factory terminates that exemption and triggers excise duty liability payable upon removal, unless a different statutory exemption applies. en-us Thu, 22 Mar 2012 14:36:19 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3939 Tools may be used within a manufacturing premises without payment of excise duty under the applicable notification while they remain in factory custody. Physical removal of the tools from the factory terminates that exemption and triggers excise duty liability payable upon removal, unless a different statutory exemption applies. Discussion-Forum Central Excise Thu, 22 Mar 2012 14:36:19 +0530 https://www.taxtmi.com/forum/issue?id=3939