basic 10 lacs exemption to manufacturer

This query is : Resolved 

11 August 2010 A manufucturer registered under excise, started new service e g rent of commercial property, Manufacture availing cenvate benefit on capital goods e g plant & machinery etc. is the manufacture entitle to claim basic exemption

11 August 2010 yes, he can claim.

12 August 2010 HOW CAN , THE MANUFACTURE IS USING CENVATE ON CAPITAL GOODS , THUS CONDITION TO AVAIL THE BENEFIT OF 10 NOT FULLFILLED

14 August 2010 YES HE CAN CLAIM EXEMPTION BENEFIT

15 August 2010 the condition is to avail the assessee should not avail the cenvate benifit either on capital goods or input services/goods. inspite of this manufacturer is entitled for exemption

03 October 2021 No. The exemption is not available to be claimed in any form.


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