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Input credit on stock in hand

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2013 Pls. tell me, how to claim input credit on stock in hand on the day of excise registration..
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
05 July 2013 You have to start the paying of excise duty after registration. You can take the cenvat credit on laying stock of the input in the factory.
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