ssi exemption and cenvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2011
Sir,
During the year I have taken excise registration and I want to take benefit of ssi exemption upto the turnover of Rs. 150 lacs. I want to know what will be the position of accumlated excise duty on capital goods and raw material/packing material as on 31st March 2011.Whether I can carry over or not excise duty received as input on capital goods and raw material/packing material.
Thanks
During the year I have taken excise registration and I want to take benefit of ssi exemption upto the turnover of Rs. 150 lacs. I want to know what will be the position of accumlated excise duty on capital goods and raw material/packing material as on 31st March 2011.Whether I can carry over or not excise duty received as input on capital goods and raw material/packing material.
Thanks
B R Ramesh
(Expert)
17 January 2011
Hi
if you are registred manufacture or dealer
you sould charge & collect the duty.
at the same time you can avail the cenvat on capital goods & raw material the closing balance you can carry over the same to the april -2011
if you are registred manufacture or dealer
you sould charge & collect the duty.
at the same time you can avail the cenvat on capital goods & raw material the closing balance you can carry over the same to the april -2011
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