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Reduction of excise on vehicle from 12 % to 8%

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 February 2014 Dear Sir,

I am an automobile dealer. Recently the excise duty on passanger car has been reduced to 8 % from 12 %. Our company sent us a new price list reflecting the excise reduction. Now my question is
1. Can our company claim for excise refund on our behalf on the stock that I was having in my dealership which I have already purchased from the company at old excise rate.
2. Can our company also claim for CST refund because of the excise reduction.

Thanks in advance for your reply.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
26 February 2014 Dealer can not take the refund of cenvat credit. You should sale that goods after discount.
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