cenvat
This query is : Resolved
08 October 2009
Dear Sir,
we are manufacturer of auto components and holding registration number of excise,we are purchase some fixture from unregistered dealer in excise we want to sale out the above fixture without excise duty it is right or wrong as per excise rule.
thank
we are manufacturer of auto components and holding registration number of excise,we are purchase some fixture from unregistered dealer in excise we want to sale out the above fixture without excise duty it is right or wrong as per excise rule.
thank
08 October 2009
To levy excise duty there should be manufature. In this case there is no manufacture so levy of excise duty will not arise at all.
Since you have purchased from unregistered dealer he can't levy excise duty on you.
This is a case of removing goods as such.
As per Cenvat Credit Rules when goods are removed as such you have to pay an amount equal to cenvat credit availed. As per this case the question of payment of an amount equal to cenvat avalied does not arise.
Finally you can remove/sale the goods with out any excise duty liability.
Since you have purchased from unregistered dealer he can't levy excise duty on you.
This is a case of removing goods as such.
As per Cenvat Credit Rules when goods are removed as such you have to pay an amount equal to cenvat credit availed. As per this case the question of payment of an amount equal to cenvat avalied does not arise.
Finally you can remove/sale the goods with out any excise duty liability.
08 October 2009
i agree with sreedhar.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Entries in AIS regarding sale of units and shares
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
