Credit on input material (for 100% EOU)
This query is : Resolved
18 April 2010
Dear Sir,
Our company is a manufacturer (100% EOU) of leather folders and material sold to London.
Final product is duty exempted (Nil Taxable). My question is - can we take the credit of input material invoices ?
If yes what is the procedure of claim to department.
Please suggest me in short.
Thanks in advance
Regards,
Rajendra Ahire
Our company is a manufacturer (100% EOU) of leather folders and material sold to London.
Final product is duty exempted (Nil Taxable). My question is - can we take the credit of input material invoices ?
If yes what is the procedure of claim to department.
Please suggest me in short.
Thanks in advance
Regards,
Rajendra Ahire
19 April 2010
EOU are entitled to Cenvat credit – EOU units have been allowed to avail Cenvat credit w.e.f. 6-9-2004, by amending rule 17(1) of Central Excise Rules – confirmed in CBE&C Circular Nos. 799/32/2004-CX dated 23-9-2004 and 54/2004-Cus dated 13-10-2004.
But wait for other experts view
But wait for other experts view
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Relief u/s Section 89
- REGARDING SECTION 44AE
- Entries in AIS regarding sale of units and shares
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
