Excise Duty on Closing Stock: No Addition Made Until Goods Leave Factory u/s 3 of Excise Act.

Excise Duty on Closing Stock: No Addition Made Until Goods Leave Factory u/s 3 of Excise Act. https://www.taxtmi.com/highlights?id=25208 Addition made on account of excise duty not included in the closing stock of the finished goods - Though there might be levy under section 3 of the Excise Act, yet neither the rate nor the value would be determinable till the point of time of removal of the excisable goods from the factory premises - No addition - AT en-us Fri, 09 Oct 2015 07:51:46 +0530 Fri, 09 Oct 2015 07:51:46 +0530 TaxTMI RSS Generator Excise Duty on Closing Stock: No Addition Made Until Goods Leave Factory u/s 3 of Excise Act. https://www.taxtmi.com/highlights?id=25208 Addition made on account of excise duty not included in the closing stock of the finished goods - Though there might be levy under section 3 of the Excise Act, yet neither the rate nor the value would be determinable till the point of time of removal of the excisable goods from the factory premises - No addition - AT Highlights Income Tax Fri, 09 Oct 2015 07:51:46 +0530 https://www.taxtmi.com/highlights?id=25208