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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2013
A company is a registered assessee under central excise. It want to sell its raw material(imported) to some other assessee in India.
How can that be done.
Please replay
How can that be done.
Please replay
Rajeev Kumar Garg
(Expert)
13 May 2013
THEY CAN SELL THEIR IMPORTED GOODS ON PAYMENT OF DUTY EQUIVALENT TO CENVAT CREDIT, AS PER RULE 3(5) OF CENVAT CREDIT RULES, 2004. PL.SEE THIS RULE AS UNDER NOTED:-
RULE 3(5):- When inputs or capital goods, on which CENVAT credit has been taken, are removed as such from the factory, or premises of the provider of output service, the manufacturer of the final products or provider of output service, as the case may be, shall pay an amount equal to the credit availed in respect of such inputs or capital goods and such removal shall be made under the cover of an invoice referred to in rule 9:
THANKS.
Please click on "Thank User", if you are satisfied with my reply.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
RULE 3(5):- When inputs or capital goods, on which CENVAT credit has been taken, are removed as such from the factory, or premises of the provider of output service, the manufacturer of the final products or provider of output service, as the case may be, shall pay an amount equal to the credit availed in respect of such inputs or capital goods and such removal shall be made under the cover of an invoice referred to in rule 9:
THANKS.
Please click on "Thank User", if you are satisfied with my reply.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
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