Reversal of excise duty
This query is : Resolved
30 October 2013
SIR,
WE ARE MANUFACTURER OF PVC PIPES & DRIP IRRIGATION SYSTEM. WE ARE AVAILING CREDIT ON PVC PIPES.DRIP IS EXEMPTED HENCE WE ARE NOT AVAILING CREDIT.SIR,WHILE SELLING OF DRIP IRRIGATION SYSTEM WE ARE SELLING 2" PVC PIPES ALONG WITH DRIP IRRIGATION SYSTEM. MY QUERY IS THAT, CAN WE TAKE REVERSAL OF CREDIT ON 2" PVC PIPE SOLD WITH DRIP IRRIGATION SYSTEM. WHETHER SEPRATE RECORD TO BE MAINTAIN FOR 2" PIPE WHICH ARE SOLD WITH DRIP IRRIGATION PIPE. PLEASE GUIDE
SIR,
WE ARE MANUFACTURER OF PVC PIPES & DRIP IRRIGATION SYSTEM. WE ARE AVAILING CREDIT ON PVC PIPES.DRIP IS EXEMPTED HENCE WE ARE NOT AVAILING CREDIT.SIR,WHILE SELLING OF DRIP IRRIGATION SYSTEM WE ARE SELLING 2" PVC PIPES ALONG WITH DRIP IRRIGATION SYSTEM. MY QUERY IS THAT, CAN WE TAKE REVERSAL OF CREDIT ON 2" PVC PIPE SOLD WITH DRIP IRRIGATION SYSTEM. WHETHER SEPRATE RECORD TO BE MAINTAIN FOR 2" PIPE WHICH ARE SOLD WITH DRIP IRRIGATION PIPE. PLEASE GUIDE
30 October 2013
If you are not maintaining the separate account for taxable and exempted goods then reverse the cenvat credit on proportionate way under rule 6(3) of cenvat credit rules 2004.
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
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- CCFS 2026 Schemed
- ECO SUPPLY REPORTIONG IN GSTR-1
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- House Property Reporting in ITR
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
