Input credit by 100% eou
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2012
our company is an 100% EOU, we are purchasing many items which are covered by excise rules, Can we take the credit of the excise amounts paid on the materials purchased for manufacture as well as Capital goods used in the process of manufacture.
Kishor Darole
(Expert)
08 August 2012
Hi,
Being an 100% EOU Unit, Though you have procured material on payment of duty, you can very well avail Cenvat credit Input & Capital Goods (50%). If you procured under C form, You can claim Refund of the same also.
Regards
Kishor Darole
Being an 100% EOU Unit, Though you have procured material on payment of duty, you can very well avail Cenvat credit Input & Capital Goods (50%). If you procured under C form, You can claim Refund of the same also.
Regards
Kishor Darole
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
