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
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
