TaxTMI 
TaxTMI 
Applicability and Liability of excise duty
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....pplicability and Liability of excise duty<br> Query (Issue) Started By: - Vipul Lotia Dated:- 30-6-2008 Last Reply Date:- 2-7-2008 Central Excise<br>Got 1 Reply<br>Central Excise<br>My clients are eng....
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....aged in job working. My query is as follows: Primary material is consigned by my clients customers. My clients add material inputs to it to make the final product. For every 100 kgs of material sent t....
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....o my clients' for job work, my clients return 100 kgs of finished material which has additional inputs apart from the primary material consigned for job working. 1) Are my clients liable to excise dut....
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....y on the material left balance with them even if their turnover has not crossed the excisable limit of Rs. 150 lacs? 2) Are my clients' customers allowed to take full modvat credit on final product re....
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....ceived after processing of primary material? 3) The additional inputs are not provided by my clients customers. My clients purchase the same and also pay full excise duty on the same without availing ....
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....any modvat credit. 3) Are my clients entitled to modvat credit on goods to be used for job working? Reply By Surender Gupta: The Reply: There are various options available, but are subject to the con....
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....dition that the material supplier (principal) is paying central excise duty or not.<br> Discussion Forum - Knowledge Sharing ....