TaxTMI 
TaxTMI 
Exempted Item
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....xempted Item<br> Query (Issue) Started By: - Mridul Sethi Dated:- 30-5-2012 Last Reply Date:- 31-5-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>An item was exempted from Excise when it wa....
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....s produced. When it was sentout of factory the central government withdraws the exemption. Whether excise duty will be payable on it or not? Regards, Mridul Sethi Reply By MANDAVILLI RAMAKRISHNA: Th....
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....e Reply: s. the point of time of taxability is not at manufacture time but at clearance point of time. Reply By Pradeep Khatri: The Reply: You would have to pay central excise duty on the goods (wh....
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....ich were exempted and subsequently made dutiable) at the time of removal since excise duty is applicable on the manufacturing of goods but is being collected at the time of removal.<br> Discussion For....
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