banner_ad

Excise Input

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 February 2009 TEST

PLEASE IGNORE THIS.

THANKS
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
27 February 2009 You have two option- either dont pay duty till tunover of Rs. 1.5 crore and dont take cenvat; or pay duty and take cenvat. Once you choose and option of paying duty, you cannot revoke it till the end of the financial year.
Thus if you are not paying duty, no need to take credit and worry about dates of purchase etc. Once you cross the limit of 1.5 crores, you can start paying duty and taking credit.
Regarding capital goods installed in factory, you can take credit now and utilise it for payment of duty when you cross the limit of 1.5 crores.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details