If there is a private limited company who is manufactuirng & marketing products under a certain brand name "Brand A" by itself but this brand name doesn't belong to none of its shareholder nor director. This brand name belongs to some person who is not using that brand in anyway since registration of that brand name.
Can this private limited company avail Excise Exemption as its turnover is less than the specified value of 1.5 cr? or It will be considered as Job work and this (P) Ltd company has to pay excise duty?
Thanks in advance.