What is captive consumption under GST?

‘Captive Consumption’ means the consumption of goods manufactured by one division or unit and consumer by another division or unit of the same organization or related undertaking for manufacturing another product.

What does excise duty meaning?

An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax (CENVAT).

What is captive material?

Captive supply is a term for that part of the supply that is not owned by a company but is used by the company to maximize its own profits often at the unknowing expense of those who actually own those supplies.

What is captive consumption of electricity?

Captive consumption system is the system that all generated power is consumed within your facility. The point of our captive consumption system is that you can supply power into your particular load from PCS when you have blackout.

What is captive generation?

What is Captive Generation? A Captive Generating Plant is a power plant set up by any person, cooperative society or an association of persons (including companies) for generating electricity primarily for their own use.

What is captive consumer?

Captive consumer means the consumer who, for technical economical or regulation-related reasons, is unable to purchase electricity from the supplier of his choice.

What is material consumption ratio?

Domestic material consumption (DMC) refers to the amount of materials (in terms of weight) used in an economy, i.e. materials extracted or harvested in the country, plus materials and products imported, minus material and products exported.

What is the formula for rate of consumption?

Consumption function equation describes C = c+bY. If the value of (By) is higher, the total consumption value will increase. It certainly says that if income increases, expenditure also increases. We must consider that the income increase rate is more than the expenditure increase rate.

What does captive mean in business?

A captive unit is a business unit of a company functioning offshore as an entity of its own while retaining the work and close operational tie ups within the parent company.

What is captive consumption example?

In case of a factory, produces a product but does not sell it and uses it for further production, it is called captive consumption. For example. A factory purchases cotton and makes clothe from it, Later it uses cloth to make shirt. In this case, there is captive consumption of cloth.

What is IPP CHP?

Industrial Non-CHP: Industrial electricity generation that does not make use of heat. IPP CHP: Independent power producer of combined heat and power.