Excise on rejected coal sale
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2012
M/s XYZ is manufacturing company of iron ore and they purchase coal for heating purpose. Now XYZ ltd. sold rejected coal from its factory whether they are liable to excise duty?????
CA Suresh Jain
(Expert)
02 September 2012
If any CENVAT credit was taken the same is required to be reversed
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