https://www.taxtmi.com/forum/issue?id=107242 Excise is ordinarily leviable on removal; tools retained by the supplier do not automatically attract excise. If duty is paid on tools manufactured or procured by the supplier on the buyer's account, that duty is admissible as CENVAT credit and may be used against duty on final products. Irrespective of duty payment or exemption, the amortised cost of tooling must be included in the assessable value of finished goods, with apportionment based on expected life/output and supporting certificate where needed. Practical VAT/CST and waybill implications should be examined when tools do not physically move. en-us Wed, 27 Aug 2014 12:57:19 +0530 Thu, 23 Jan 2025 15:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107242 Excise is ordinarily leviable on removal; tools retained by the supplier do not automatically attract excise. If duty is paid on tools manufactured or procured by the supplier on the buyer's account, that duty is admissible as CENVAT credit and may be used against duty on final products. Irrespective of duty payment or exemption, the amortised cost of tooling must be included in the assessable value of finished goods, with apportionment based on expected life/output and supporting certificate where needed. Practical VAT/CST and waybill implications should be examined when tools do not physically move. Discussion-Forum Central Excise Wed, 27 Aug 2014 12:57:19 +0530 https://www.taxtmi.com/forum/issue?id=107242