Costing for export products: inclustion of excise?
This query is : Open
30 June 2012
Helo to all,
our company has export as well as domestic sales.
till not the company was giving annexure from excise dempartment for purchase bills. but now they are saying to take input credit in domestic department.
now my question/confusion is:
whether the company should take input credit or it is advisable to give annexure in all purchase bills of export?
what is the impact of the same in costing of products?
Do we need to include cost of excise in finding out the per unit cost of product or because we are taking credit, we shouldnt add excise in cost calculation?
Please let me know your views.
Thank you.
our company has export as well as domestic sales.
till not the company was giving annexure from excise dempartment for purchase bills. but now they are saying to take input credit in domestic department.
now my question/confusion is:
whether the company should take input credit or it is advisable to give annexure in all purchase bills of export?
what is the impact of the same in costing of products?
Do we need to include cost of excise in finding out the per unit cost of product or because we are taking credit, we shouldnt add excise in cost calculation?
Please let me know your views.
Thank you.
Arun Kumar Singh
(Expert)
04 July 2012
You can take cenvat credit on input and input services in DTA sale and Export also.
09 July 2012
What impact will it have in product costing?
are we supposed to add the excise value in per unit costing or becoz we are taking credit, we should not add it?
are we supposed to add the excise value in per unit costing or becoz we are taking credit, we should not add it?
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
