Central Excise clearification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2010
1) We are registered under Central Excise Manufacture, we have now purchased non excisable dies and moulds on behalf of our customer for production of there casting. now we intend to sell the same to our non excisable customer. should we charge him the excise amount and make the invoice or can we sell him the same without charging excise amount.
2) can we add some margin amount ( as trader) and make the nonexcisable invoice
2) can we add some margin amount ( as trader) and make the nonexcisable invoice
12 March 2010
If you have not taken the credit, you can sell it through non excisable invoive, at transaction value.
If you have taken credit, you can seel the product at transaction value, and duty shall be paid equal to the cenvat credit taken minus depreciation if any, as if capital goods has been removed as such.
If you have taken credit, you can seel the product at transaction value, and duty shall be paid equal to the cenvat credit taken minus depreciation if any, as if capital goods has been removed as such.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Accounting with Claude
- NRI INSURANCE ADVISOR
- LIABILITY ADJUSTMENT
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
