Case Law Details
Case Name : M/s. Usha Rectifier Corpn. (I) Ltd. Vs. Commissioner of Central Excise (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
The Supreme Court last week dismissed the appeal of Usha Rectifier Corporation challenging the levy of central excise on products which were used for research and development. The company manufactures electronic equipment. It bought components and assembled them for R & D. The company argued that there was no manufacture of any product which was marketable and therefore it was not liable to pay excise duty. It further contended that the equipment were used within the factory and it was not taken out of factory gates. The item was dismantled within the factory itself. Rejecting the argument...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
0 Comments
Cancel reply
i have down load your tally shortcut key .But the Zip folder can not open.Please suggest me how to open it