Reduction of excise on vehicle from 12 % to 8%
This query is : Resolved
Querist : Anonymous
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.
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.
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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