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Excise duty on closing raw material can be urilized in current yr

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(Querist)
16 September 2013 can we utilize the excise duty on current yr raw material closing stock as input credit. will same differ in case of finished goods as closing stock
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
17 September 2013 Yes, you can utilised in the next financial year.

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