Excise cenvat credit
This query is : Resolved
27 September 2012
Sir,
I am CA Final Student . i want you to pleae solve my doubt about excise act. I want to know that Is Cenvat Credit available on alcohol sold to potables or not.
potables here means that Alcohol Manufacturer is not selling product to Market but it is selling to other sellers. Please help me in this regards.
Thank you.
I am CA Final Student . i want you to pleae solve my doubt about excise act. I want to know that Is Cenvat Credit available on alcohol sold to potables or not.
potables here means that Alcohol Manufacturer is not selling product to Market but it is selling to other sellers. Please help me in this regards.
Thank you.
27 September 2012
I think that Alcoholic liquor is not covered under the central excise act, rather it is treated under the state excise act. and state excise act is not in the course of CA final....
28 September 2012
Sir,
I want to know the answer and want to enhance my knowledge. One of my friend , who is a article asked me this question. Please sir if u can help. I am From Mumbai.
It will also be ok if you send me any link regarding this.
I want to know the answer and want to enhance my knowledge. One of my friend , who is a article asked me this question. Please sir if u can help. I am From Mumbai.
It will also be ok if you send me any link regarding this.
28 September 2012
Alcoholic liquor is out of Central Excise Act, since it is not covered in Central Excise, question for CENVAT on the same doesn't arise.
Moreover, as per your question is seems that the potable is working as trader not as manufacturer. Therefore cenvat can't be taken by him on the input.
Moreover, as per your question is seems that the potable is working as trader not as manufacturer. Therefore cenvat can't be taken by him on the input.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
