Credit of excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2017
Hii
My client is a manufacturer and his final product is exmepted from excise.So, he is not registered under excise.So my question is how much credit of excise can he avail on closing stock ?
Can he claim credit of excise on only excisable bills ?
Can he claim 40 % credit of excise on non-excisable bills also ?
Thanks in advance
My client is a manufacturer and his final product is exmepted from excise.So, he is not registered under excise.So my question is how much credit of excise can he avail on closing stock ?
Can he claim credit of excise on only excisable bills ?
Can he claim 40 % credit of excise on non-excisable bills also ?
Thanks in advance
CA R SEETHARAMAN
(Expert)
13 June 2017
He claim credit of excise on only excisable bills
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