Removal of inputs as such
This query is : Resolved
CA Rajeev Bansal
(Querist)
25 December 2010
one of the client has purchased the aluminium scrap from ordinance factory without payment of excise duty because there is exemption notification 62/95 C.E. Dt. 16.03.1995. now the client wants to remove the inputs as such. my question is whether excise duty is payable on the removal of such inputs or not.
please reply
please reply
tarun goel
(Expert)
26 December 2010
Not at all, when you have not paid any excise duty on the purchase, you need not pay any duty on clearance. however, if you have purchased the excisable goods under some notification and some condition is attached with it, you have to pay duty while removing the same on removal. go through the conditions of the notification and the purpose for which the goods were purchased.
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
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
