banner_ad

Additional duty passon

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 August 2012 One imported machinery purhcased same has been transfer to our sister concern at time of purchase we have taken credit of additional duty now excise authority has been given me a notice that you have to pay to the additonal duty at the time of transfer of that machinery to sister concern. This is correct . We have to pay the addtional duty.

Nitin Haldikar
Profile Image

Kishor Darole

Profile Image

Kishor Darole (Expert)
08 August 2012 Hi Nitin,

Yes, You have to raise a Tax Invoice and clear this imported material under Rule 3(4) of Cenvat credit rules in the name of your sister unit. Your sister unit can avail cenvat credit..No Loss., But it old period Transactions, then it is a loss of Interest and Cenvat..!

Regards
Kishor Darole
Profile Image

Nitin G Haldikar

Profile Image

Nitin G Haldikar (Querist)
09 August 2012 Thanks for Reply

Wehave purchaed that machinery & same has been used for two year after we have transfered to our sister concern after that we have to pay additional duty.

Nitin Haldikar
Profile Image

Arun Kumar Singh

Profile Image

Arun Kumar Singh (Expert)
10 August 2012 Additional duty paid u/s 3(5) of Customs Tariff Act (Special CVD) is eligible for cenvat credit for a manufacturer.
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
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

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
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details