banner_ad

100

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 July 2013 dear sir i have one company with a business of clothes and shoes and i am purchase two machinery in which one is produce clothes and another is shoes i paid excise duty on both machine.At the time of purchase of machinery as follows :-
on cloths machinery suppose rs 3000
and on shoes machine rs.5000
i produce clothes and charge excise duty of rs.4000 on clothes in that way i has a output of excise duty is rs.1000 is remaining clothes is exempt from excise duty from 1.3.13
can i am adjust the renaming output of excise duty on shoes machine with the input
excise duty on clothes machinery.
Profile Image

CA Pooja Agarwal

Profile Image

CA Pooja Agarwal (Expert)
12 July 2013 cenvat credit on inputs used in manufacture of exempted goods is not allowed..
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
12 July 2013 Cenvat credit on exempted goods is not allowed even if inputs are excisable goods.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details