Concept of Deemed Manufacturer

Last updated at April 16, 2024 by

Production of Making Shirt

Concept of Deemed Manufacturer - Basics of Excise

 

Example

Lux Ltd Purchases 1000 soap from A  Ltd @ Rs 4 each + Excise 12.5%

It sells goods @ Rs 10 each after putting its Label

Whether excise Duty Payable on Such excise?

-a- 

Yes, as Lux is a Deemed manufacturer.

He is liable to pay excise Duty

Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.