Reversal of duty on job work
This query is : Resolved
03 August 2009
We are manufacturer as well as job worker regd. with excise. We also undertake jobwork of Fabrication and galvanizing of dutiable & exempted goods. We produces dutiable & exempted goods and do not maintain separate records. We avail cenvat credit on free issued inputs received from customer for job work & own purchased inputs like, steel, zinc, Consumables, Fuels etc. As per Rule 6(3)(b) of cenvat credit rules, 2004, we reverse 10% duty on clearance of exempted goods (now 5% to be reversed).
For non-exempted goods received in our factory for job work, how much credit should be reversed by us.
In case, if customer is regd. with excise, and paying excise duty on goods so processed by us, are we liable to reverse the duty?
If customer is not regd. with excise, and not paying excise duty on goods so processed by us, at which rate duty should be reversed? how the valuation is to be done?
For non-exempted goods received in our factory for job work, how much credit should be reversed by us.
In case, if customer is regd. with excise, and paying excise duty on goods so processed by us, are we liable to reverse the duty?
If customer is not regd. with excise, and not paying excise duty on goods so processed by us, at which rate duty should be reversed? how the valuation is to be done?
13 August 2009
Either proportionate or reversal fo 5% or proportionate duty reversal iun terms of Chandrapuir magnets SC case.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
