Extracts
Cenvat Credit
Central Excise - Started By: - Rizwan Ullah - Dated:- 7-3-2017 Last Replied Date:- 9-3-2017 - Suppose an Assessee is involved in manufacturing of an Excisable product A and clearing the same after payment of Excise duty as applicable say 12.5%. While ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X 1% . Is Assessee entitled to take of 1% duty paid on that exempted good which is being used as input in manufacture of dutiable finished product ? - Reply By Rajagopalan Ranganathan - The Reply = Sir, As per rule 2 (d) of Rules, 2004 exempted goods ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X e 1st March, 2011 or under entries at serial numbers 67 and 128 of Notification No. 12/2012-CE, dated the 17th March, 2012 is availed. 1% duty (at present it is 2%) duty paid under Notification No. 1/2011-CE, is an exempted goods. therefore no credit ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X ng 1% duty. Please clarify. - Reply By Himansu Sha - The Reply = It is not clear why the assessee will purchase the exempted goods after payment of duty. As the querist mentioned 1%,if it is covered under notf. No. 1/2011 like coal (where the present ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X
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