Canvat credit of previous bill
This query is : Resolved
06 August 2013
GOOD AFTERNOON EXPERTS,
OUR COMPANY SITUATED IN UTTARAKHAND. WE WERE FREE FROM EXCISE TILL 6 JULY 2013. BUT SIR NOW WE ARE EXCISABLE UNIT, THEN SIR MY QYERY IS THAT CAN WE TAKE CENVAT CREDIT OF THOSE PURCHASE WHICH WE PURCHASE FROM THIS F.Y 2013-2014.
2-ANY CONDITION ABOUT THIS
THANKS
OUR COMPANY SITUATED IN UTTARAKHAND. WE WERE FREE FROM EXCISE TILL 6 JULY 2013. BUT SIR NOW WE ARE EXCISABLE UNIT, THEN SIR MY QYERY IS THAT CAN WE TAKE CENVAT CREDIT OF THOSE PURCHASE WHICH WE PURCHASE FROM THIS F.Y 2013-2014.
2-ANY CONDITION ABOUT THIS
THANKS
Madhukar N Hiregange
(Expert)
08 August 2013
All the capital goods in use for manufacture of dutiable goods are eligible for credit. Condtion of depreciation on credit maybe confirmed.
All raw materials and WIP + FG in stock as on date of starting to pay ED are eligible based on duty paying documents.
All raw materials and WIP + FG in stock as on date of starting to pay ED are eligible based on duty paying documents.
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