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CLEARANCE TO R & D UNIT, Central Excise |
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CLEARANCE TO R & D UNIT |
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If we clear materials to R and D unit without payment of excise duty under Notification No. 16/2007 C.E. dated 01.03.2007. In view of the above we have to pay @6% on assessable value as excise duty by way of reverse cenvat credit used to Manufacturing the same Material. Pl. advice us it is correct or not. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Yes sir, the views expressed in second para of your query is correct. You shall have to pay 6 % of the assessable value when goods are cleared under notification no. 16/2007 dated 01.03.2007, provided the conditions mentioned in the said notification are also satisfied. Page: 1 Old Query - New Comments are closed. |
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