excise - n/n 214/86

Anshul (Querist) 12 March 2010 This query is : Resolved
is it true dat................. exemption of 214/86 is availaible to job worker only if it is an intermediate goods for principal manufacturer?

or it is availaible irrespective of dat d goods r final product or intermediate goods 4 principal mfrer....

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tarun goyal (Expert) 12 March 2010
it is irrespective of that the goods are final product or intermediate goods. basically, it deals with the payment of excise duty at the time of clearance. if the goods after doing job work are cleared from the premises of the job worker, he pays the tax.and if he after doing job work sends back the goods to Principal manufacturer, then tax paying is the liability of principal manufacturer. this is all done under a prior agreement.