Set off of customs u/s 3(1).3(5) with excise duty
This query is : Resolved
sampathkumar
(Querist)
26 June 2012
is it possible to Set off of customs duty paid u/s 3(1).3(5) with excise duty
CA CS Amit S. Kedia
(Expert)
26 June 2012
Yes, it can be set off against the excise duty since it is also the excise duty and corresponding output excise duty is not possible.
Message likes :
1 times
CA Navin Jain
(Expert)
26 June 2012
if comapny is a manufacturing company and paying excise duty then it possible to set off custom duty under sec 3(1) and 3(5).
However, if company is trading company and paing vat/cst then the company is eligiable to claim the reund of custom duty paid u/s 3(5) from custom deptt.
However, if company is trading company and paing vat/cst then the company is eligiable to claim the reund of custom duty paid u/s 3(5) from custom deptt.
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- LLP audit and disclosure
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- TDS- 2026-27 Q1 Correction
- Advances to related party
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation Error – Mandatory Fields
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
