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Answer Posted / harrie007
follwing are the prerequisites to held a product to be
Excisable:-
1. goods must be movable
2. must be marketable (i.e. capable of being sold and
purchased in the open market)
3. they must be manufactured or produced (i.e. they should
not be constructed or anything else)
4.they must be manufactured or produced in India only.
5. the goods must be mentioned in CETA (Central Excise
Tariff Act)
Hence, if the above 5 conditions are satisfied the product
is Excisable.
| Is This Answer Correct ? | 14 Yes | 1 No |
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