Excise duty

This query is : Resolved

pooja (Querist)
Follow

28 August 2011 sir plz tell me "excise paid on purchase" ka credit milta hai na on "excise recieved on sales" ?

plz reply me as soon as possible.

U S Sharma

U S Sharma (Expert)
Follow

28 August 2011 excise paid on purchase can be taken as input credit by manufacturing unit if the unit is not availing any value based exemtion and paying duty on all clearances.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

29 August 2011 Agar saman kaharid ne aur bechanje ke liye hai tow nahi. Agar manufacturing ke leye hai tow haa or sirf haa hai milega. Pahle saman banaow usme jo excise pay ke hai wha saman bechi howee rashi main se set off milega