CENVAT/EXCISE
This query is : Resolved
Pramod Kumar Pandey
(Querist)
21 October 2009
We are having two manufacturing unit one is 100% EOU & anther is Non-EOU and both are availing CENVAT. Non-EOU is transferring some (Electric Cabales) goods to 100% EOU with payment of Excise Duty. There are two questions:-
(1) Non-EOU procured cables with paid excise duty at the time of purchase and if they are transferring can they charge Excise duty at the time of transferring/dispatch goods to 100%EOU.
(2) 100% EOU can avail CENVAT against the same.
Please guide us with reference of relevant Notification/Circular.
(1) Non-EOU procured cables with paid excise duty at the time of purchase and if they are transferring can they charge Excise duty at the time of transferring/dispatch goods to 100%EOU.
(2) 100% EOU can avail CENVAT against the same.
Please guide us with reference of relevant Notification/Circular.
21 October 2009
While trasferring Electric Cables to Your EOU unit, you need to raise your Invoice u/r 11, and have to mention "material cleared as it is". You have to charge Excise Duty to tune of Excise Duty Charged in your Purchase Invoice.
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
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Rectification under processing even after 6 months cpc portal
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- Applicability of tax on invoice
- Import of Capital Machine
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
