New User / Register | Bookmarks | Annual Subscription | Feedback |
Login: Stay
| Forget Password |
           
TMI - Tax Management India. Com  

Recent Discussionss:

Procedure to sent back the rejected imported material Reversal of Cenvat credit Applicability of State VAT or CST valuation job work BUDGET CHANGES REGARDING DTA CLEARANCES Cenvat Credit CT -1 procedure current local tax rate (vat rate) for s.s patta/ coil / strip Rules of register Change in section 15A Central Excise Act 1944
 
Discussions Forum
Home Forum Central Excise Month 10 2012 2012 (10) This
← Previous Next →
 

Excise duty- supplementary invoice - Central Excise

 
Issue Id: - 4834
Dated: -19-10-2012
By:- RAJESH NEELAKANTA IYER
Excise duty- supplementary invoice

An SSI Unit claiming duty exemption within the limit of 1.5 crores issued a cenvatable invoice without duty. Subsequently they have crossed the exemption limit and then start billing invoice with payment of duty. Can they issue supplementary invoice for price revision with duty now, for invoices pertains to the period when they are in SSI exemption limit. Illustriatively, on 10.10.2012, they are crossed exemption limit, upto 10.10.2012 they are not paying excise duty from 11.10.2012, they started paying excise duty. For invoices raised on 05.10.2012 

Post Reply
 
Previous Posts


Dated: - 22-10-2012
By: - JAMES PG

There is no bar in raising supplementary Invoice for payment of duty by the SSI Unit. But the Cenvat credit of such duty can be availed by the recipient only when the payment is made voluntarily and without being an offence case booked.




Dated: - 23-10-2012
By: - vijay kumar

By addition of the value in the supplementary invoice, if you have crossed the exemption limit of 1.5 crore as on the date of issue of original invoice, you can certainly raise a cenvatable invoice and pay duty on which the customer can take the credit, unless it is a case of suppression of facts etc covered by Section 11A(4)/11A(5).


 
 
Previous Next

 

what is new what is new

UpdatesKnowledge SharingSubscription CommunicationNewslettersMore Options




Go to Mobile Website Go To Top
© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.