9911796707
TMI Blogcenvat creditX X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat credit X X X X Extracts X X X X X X X X Extracts X X X X ..... under exemption of cental excise duty.Presently exemption period is expired on 30.09.14. onwards from 01.10.14 excise duty is levied on goods manufacturedand cleared.As on 01.10.14 stock lying with us ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ( R.Mand F.G)MAY BE TAKE CREDIT ON BOTH R.Mand F.G LYING WITH US.WE HAVE ALREADY INTIMATED EXCISE DEPT. REGARDIG THIS.PLEASE CLEARIFY Reply By Naveed S: The Reply: Cenvat credit on raw materials, wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rk in process and finished goods may be availed, subject to prior intimation to the department. It is advisable to get a certificate from a Cost accountant regarding the input utilized therein as wel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l as the Value taken into consideration for purpose of calculation of excise duty credit thereon. You may contact your jurisdictional Range officer for necessary guidance in the matter. Reply By Raj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... esh Nathoo: The Reply: Dear Anil , As per Sub Rule 2 of Rule 3 of Cenvat Credit Rules,2004, u can take credit of inputs lying in stock or in WIP or in Finished Goods . You cannot take credit of all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . You work out work out whichever was highest on 1.10.2014 and take the credit of same . X X X X Extracts X X X X X X X X Extracts X X X X
|
