URGENT---Liability for filing of Excise Return
This query is : Resolved
10 June 2009
Hi,
One of my client is in the business of import. He import MEG and sale in India.He claims custom duty refund of additional custom duty paid. He is in purely trading. No manufacturing is done on his part. Whether he is liable to file excise return?whether i am correct in interpreting that as per Rule 9(8) of CENVAT CREDIT RULES,2004 He is liable to file quarterly return? Is there any laibility to file return in Custom Act?Please reply soon.
One of my client is in the business of import. He import MEG and sale in India.He claims custom duty refund of additional custom duty paid. He is in purely trading. No manufacturing is done on his part. Whether he is liable to file excise return?whether i am correct in interpreting that as per Rule 9(8) of CENVAT CREDIT RULES,2004 He is liable to file quarterly return? Is there any laibility to file return in Custom Act?Please reply soon.
24 June 2009
No excise return to be filed for trading of customs duty paid goods and sold as pure trading.
If regeistered in excise as for passing on the cenvat credit then certail formalies incl. return are required to be followed.
If regeistered in excise as for passing on the cenvat credit then certail formalies incl. return are required to be followed.
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