Raw material input consumed for factory shed
This query is : Resolved
07 August 2013
We are registered with Excise deptt as manufacturer & carry out fabrication work.
We have purchased raw steel for fabrication of steel structures & have taken input of duty on these. A part of the raw steel has been used by us in our factory shed. What will be the implication of duties.
We have purchased raw steel for fabrication of steel structures & have taken input of duty on these. A part of the raw steel has been used by us in our factory shed. What will be the implication of duties.
07 August 2013
Duty paid on steel raw used in construction of factory shed is permissible as cenvat credit. you can take the cenvat credit.
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