Input tariff Rate is higher than finish product.
This query is : Resolved
16 February 2010
Dear sir,
When we import/purchase raw material excise is charges @ 14% in the contrary we have to pay @ 8% when we clear our finished goods. what will we do with excess cenvat credit, is there any option to get back of excess credit.
Please advice me sir.
With Regards
Pankaj Naidu
pankaj.naidu@adityabirla.com
When we import/purchase raw material excise is charges @ 14% in the contrary we have to pay @ 8% when we clear our finished goods. what will we do with excess cenvat credit, is there any option to get back of excess credit.
Please advice me sir.
With Regards
Pankaj Naidu
pankaj.naidu@adityabirla.com
ANIL JANGID
(Expert)
28 February 2010
YOU CAN UTILISED EXCESS EXCISE DUTY TO CLEAR EXPORTABLE GOODS AND CLAIM REFUND.
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