Excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2015
Dear Sir,
We received material @12.36%. Now we want clear the same material as such what tax will apply either 12.5% OR 12.36%. pls clarify
We received material @12.36%. Now we want clear the same material as such what tax will apply either 12.5% OR 12.36%. pls clarify
02 March 2015
IN THE CASE OF AS SUCH REMOVAL OF INPUTS, YOU HAVE TO PAY DUTY EQUIVALENT TO CENVAT CREDIT. IT MEANS YOU HAVE TO PAY DUTY @ 12.36%.
THANKS.
R.K.GARG.
(Advocate)
THANKS.
R.K.GARG.
(Advocate)
03 March 2015
Excise duty liability arise on manufacture.. Good removed as such are not manufactured and 12.5 % rate would not apply on the removell of gods
03 March 2015
Excise duty liability arise on manufacture.. Good removed as such are not manufactured and 12.5 % rate would not apply on the removell of gods Karan 9871563826
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