Payment of duty - Dies manufacture

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..... Payment of duty - Dies manufacture
Query (Issue) Started By: - Rajkumar Chandnani Dated:- 30-11-2009 Last Reply Date:- 8-12-2009 Central Excise
Got 2 Replies
Central Excise
We are mfg pla .....

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..... tic components. We get dies and moulds made from outside on laboue jobwork thru various local tool rooms by supplying metal req for dies. we have taken modvat cr on metal supplied to them in two years .....

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..... @ 50% each year. We have used these dies in production for 2/3 years and there after sold during current year by paying current tariff 8% duty. Department is asking to pay duty @ 16% ,applicable rate .....

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..... , when we got the dies manufactured manufactured. what is correct legal position. Reply By Pradeep Khatri: The Reply: Sir, Please refer seventh proviso of Rule 3(3)of CENVAT credit Rule,2004. Reply .....

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..... By Rama Krishana: The Reply: Your action as well as department action are not correct. The provision of rule 3(3) must be followed.
Discussion Forum - Knowledge Sharing .....

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