Manufacturing of different classes of goods
This query is : Resolved
09 May 2013
A Mfg unit engaged in manufacturing of Plastic Boxes, takes cenvat credit on the raw material purchased. Now it wants to start manufacturing of Paper Envelopes, however, it does not wants to take Cenvat & pay Duty at the lower rate of 2%. Is it possible ? Please check & inform the relevant Notification / Circular.
Regards
Regards
09 May 2013
Without cenvat credit you can pay the duty on envelopes at the rate of 2% and with cenvat credit facility 6%.
09 May 2013
ok, thanks.
Then, how the Accounting Records shall be maintained & monthly ER-1 shall be filed ?
Because there shall be two different types of goods, one with cenvat credit facility & one without. ?
Then, how the Accounting Records shall be maintained & monthly ER-1 shall be filed ?
Because there shall be two different types of goods, one with cenvat credit facility & one without. ?
09 May 2013
You can file the both item in same monthly return but account should be maintained disparately.
09 May 2013
thanks. lastly, Is the concerned Range office to be intimated about this separately. ??
09 May 2013
Yes, intimated to the range office.
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