Credit of duty without receiving material at factory
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2013
Dear Expert,
I import membrane which is part of my RO Plant to be supplied to my customer in Pune.
My factory is in Gujarat which is registered under excise act. Now, without receiving Membrane at my factory, if I dispatch it to pune from Mumbai port then can I take credit of custom duty & CVD paid while importing that material?
If yes, please give reference of any amendment / notification / section /judgment in support of your reply because my auditors insist to get material first at factory and then dispatch it to customer in pune. That will increase my transportation cost.
I import membrane which is part of my RO Plant to be supplied to my customer in Pune.
My factory is in Gujarat which is registered under excise act. Now, without receiving Membrane at my factory, if I dispatch it to pune from Mumbai port then can I take credit of custom duty & CVD paid while importing that material?
If yes, please give reference of any amendment / notification / section /judgment in support of your reply because my auditors insist to get material first at factory and then dispatch it to customer in pune. That will increase my transportation cost.
RAMESH KUMAR VERMA
(Expert)
07 August 2013
if your branch office is mentioned in IEC code(PUNE) then sent these goods from PUNE OTHERWISE CAN NOT TAKE BENEFITs.
eminent expert also speak author..
eminent expert also speak author..
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
