ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Expansive Definition of Manufacture

The definition of manufacture for levy of excise duty was significantly, but very quietly, enlarged in the 2003-04 budget through an amendment of the Central Excise Act. The change, which has largely gone unnoticed, will bring changes in prices at the first stage or even at the retail stage within the ambit of â??manufactureâ??. However, defining manufacture in terms of alteration of value amounts to imposing tax on value addition. This is clearly trespassing into the realm of sales tax or VAT.

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