I am an importer and had imported goods in 1st Quarter.
For E.g. I have imported Product A Qty 100 Units Total CVD paid Rs. 1000/-, Product B Qty 100 units Total CVD paid Rs. 1000/- I have sold 10 units of Product A & B in Quarter 1, I have sold 10 units of Product A & B in Quarter 2 so I have issued Cenvat Credit of Rs. 100 for product A & B in Quarter 1 & 2. Now please tell me What should be the Quantity and Amount of Duty Involved in Sheet where it says Documents on which credit is passed on for Quarter 2. a) whether it should be 100 Units in Quantity Column and Rs. 1000 in Amount of Duty Involved Column b) whether it should be (100-10 sold in Qtr 1) 90 units in quanity Column and Rs. 900 in Amount of duty involved column. c) whether it should be 10 unites in QTY Column and Rs. 100 in Amount of Duty Involved
CAclubindia
