Concept of Removal of Goods from Factory

Removal of Goods from Factory

Taxable event for levy of excise duty is manufacture.

However, it is payable on removal of goods from factory

Removal of goods may be on sale or on stock transfer to some other factory of the manufacturer

This applies to all the goods except

• Khandsari molasses produced and stored in the factory of the manufacturer
• Goods produced in factory and sold outside warehouse