17 October 2016
suppose I purchase goods for RS.50 lac and pay excise duty of RS.625000. Goods of value of RS.10 lac are still in my factory.
then whether I can take CR. of RS.625000 or RS.500000.
whether the answer will remain same I'm vat.
Also tell me what is one to one correlation
Plz reply plz reply .
30 November 2016
if such goods have some connections with manufacturing of final product then the entire Duty paid on it will be eligible for credit.
As per CCR rules you can book credit on receipt of such goods in your premises.
CAclubindia
