Job works
This query is : Resolved
Parmod Raghav
(Querist)
23 November 2012
Sir
We are purchase a machine(X) and send to our vender on job works Challan for my job works so i want to know that what is the time limit of job works challan we received. (In case of Goods)
1.job work challan received in 180 days.
2.job works challan no time limit in case of capital good.
so pls explain
Thanks
We are purchase a machine(X) and send to our vender on job works Challan for my job works so i want to know that what is the time limit of job works challan we received. (In case of Goods)
1.job work challan received in 180 days.
2.job works challan no time limit in case of capital good.
so pls explain
Thanks
Arun Kumar Singh
(Expert)
29 November 2012
If capital goods will not be return within 180 days then principal manufacture can't claim cenvat credit on capital goods under rule 4(5)(a) of cenvat credit rules 2004.
Parmod Raghav
(Querist)
30 November 2012
Sir
thanks your replay
but i ask one que
why manufacture not claimed cenvat credit on capital good. he take credit on capital good. 50% current year & 50% next year.
so pls clear this point.
Thanks
thanks your replay
but i ask one que
why manufacture not claimed cenvat credit on capital good. he take credit on capital good. 50% current year & 50% next year.
so pls clear this point.
Thanks
Arun Kumar Singh
(Expert)
30 November 2012
Only SSI unit(1.5cr to 4cr) can avail 100% cenvat credit in the first year.
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