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(Querist)
30 May 2015 I import the raw material for making the finished goods and i pay basic custom duty, Duty under section 3(1), Duty under section 3(5).
which duty is eligible for credit?

Thanks in Advance
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Guest

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Guest (Expert)
30 May 2015 YOU CAN TAKE THE CREDIT OF DUTY PAID U/S 3(1) & 3(5)
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 Duty u/s 3(1) and 3(5) is eligible for credit.
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Ritesh

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Ritesh (Querist)
30 May 2015 If i SSI unit then when i can claim credit?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 SSI unit can't claim credit.
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Ritesh

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Ritesh (Querist)
30 May 2015 If SSI unit cross the 1.5 crore clearance then it can claim credit on stock at that time?
Thanks for your valuable reply
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 If that stock is utilized for manufacture of excisable goods then it can be claimed.
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Ritesh

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Ritesh (Querist)
30 May 2015 And credit of finished goods is also available at that time?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 while paying finished goods excise duty you can utilize the credit.
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