Set off of customs u/s 3(1).3(5) with excise duty
This query is : Resolved
26 June 2012
is it possible to Set off of customs duty paid u/s 3(1).3(5) with excise duty
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
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- LIC Annuity received under Jeevan Akshay Scheme
- In Exports Sales HSN details where to fill
- Form 10BD Filling
- 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
- 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
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
