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Q. > Please Help: excise
1. Medicine are excisable at AV or at MRP.
2. Whether Repacking of Medicine are excisable.
3. Whether Repacking of Chemical are excisable.
Where we can see that these are excisable product or not.
answered Jun 24, 2013 by Krishna Chandra Santi , Chennai
1. If all the 4 conditions are satisfied for MRP calculation, then the valuation will be made as per MRP valuation Rule u/s 4A otherwise excisable at AV. Conditions are:
a) must be excisable
b) sold in package
c) specified by CG
d) declared by LM Act, 2009
2. Generally packing and repacking of already packed goods are not excisable but if the product falls under third schedule of CETA then packing and repacking will be demed manufacture and are excisable.
3. Same as no 2.
U can see in CETA.
Experts Panelist
Comments
deepanshu goyal
29-Jun-2013 , 08:57:19 pmi am satisfied with krishna ji