Notification No.43/2001
This query is : Resolved
02 July 2010
We are an SSI Unit registered under CE and have turnover over 1.5 Crores.
We supply our products on order basis and we do local sale, direct export, export through merchant-exporter against CT-1 and also we receive 43/2001 Annexure-I against which we make local sale without chargng excise duty on the bill.
The annexure-I we receive from a manufacturer of ships, who uses our final product for installation and fitting in the ship. And they further export their ships.
My question is whether we are entitled to avail cenvat credit from the material input we have purchased? We pay to our raw material supplier the excise duty he charges in his bill. Can we avail that against other domestic sales where we charge Excise duty?
What are the rules applicable in this case for us?
Please guide. Thanks.
We supply our products on order basis and we do local sale, direct export, export through merchant-exporter against CT-1 and also we receive 43/2001 Annexure-I against which we make local sale without chargng excise duty on the bill.
The annexure-I we receive from a manufacturer of ships, who uses our final product for installation and fitting in the ship. And they further export their ships.
My question is whether we are entitled to avail cenvat credit from the material input we have purchased? We pay to our raw material supplier the excise duty he charges in his bill. Can we avail that against other domestic sales where we charge Excise duty?
What are the rules applicable in this case for us?
Please guide. Thanks.
02 July 2010
Please help.
01 August 2023
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
- Change details filed in original return
- Query on applicability of Small Company, CARO & IFC
- Negative liability in GSTR-3B
- Delay in Processing of return
- Hsn for gst 9 purchases
- REGARDING RETURN FILING OF CLIENT WHEN THE TDS HAS BEEN DEDUCTED UNDER SECTION 194J(b)
- Tds on interest ON BAJAJ
- GSTR - 9 Input Tax Credit
- Schedule VDA
- Treatment of professional fee to employee
- Applicability of Income Tax TCS on export services
- GST NOTICE DISCRIPENCIES
- Cant amend a 26QB
- RCM PAYMENT BY SERVICE PROVIDER
- Admob/Adsense income
- Where to show ITC re-claim amount in GSTR 9
- GSTR 9 table 4 and table 10 query
- GST on Rent a Car Service
- Multimodal Transport
- Exchange old jewellery to new Jewellery from unregistered dealer.
Trending Online Classes
CAclubindia
