Cenvat credit
This query is : Resolved
Palak Nandi
(Querist)
29 November 2013
A manufacturer has bought raw maerials and not started manufacturing at all. He keeps the raw material in the stock for 1 month and in the 2nd month he manufactures goods. Is it mandatory to file nil return of excise for him? In such nil return CENVAT on the stock of raw material lying with the manufacturer is required?
Arun Kumar Singh
(Expert)
29 November 2013
If he has registered with central excise department then excise return will be filed mandatory.
Palak Nandi
(Querist)
29 November 2013
is it necessary to submit the details of CENVAT paid on raw material lying in closing stock in such return?
Arun Kumar Singh
(Expert)
29 November 2013
yes, it will be shown in the return.
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