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

A+| A| A-

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.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top