Excise on capital goods claiming -
This query is : Resolved
Sailaja. mamillapalli
(Querist)
25 July 2015
Dear Sir
In June month i was wrongly file excise return in capital goods by mistake 100% claimed
if in july i will reverse the same values and will claim 50% is it correct or any interest calculation are there.
Kindly provide the solution
Thank your
Sailaja
In June month i was wrongly file excise return in capital goods by mistake 100% claimed
if in july i will reverse the same values and will claim 50% is it correct or any interest calculation are there.
Kindly provide the solution
Thank your
Sailaja
Arun Kumar Singh
(Expert)
28 July 2015
If you have only taken the cenvat credit then no need to pay interest. You need to pay interest when wrongly credit taken and utilised.
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