Use of central excise registration
This query is : Resolved
20 June 2015
Dear Sir/Madam,
I have a query regarding registration for Central Excise.
One of our client is importing raw material from registered supplier in abroad. He is paying excise duty more than cost of material.,suppose cost of material is Rs.6000.,he is paying excise duty Rs.8000.
Can he avail tax benefits if registered under Excise Authority? If so, please suggest me the procedure in detail.
Thanks in Advance.
I have a query regarding registration for Central Excise.
One of our client is importing raw material from registered supplier in abroad. He is paying excise duty more than cost of material.,suppose cost of material is Rs.6000.,he is paying excise duty Rs.8000.
Can he avail tax benefits if registered under Excise Authority? If so, please suggest me the procedure in detail.
Thanks in Advance.
Arun Kumar Singh
(Expert)
20 June 2015
The tax should not be more than value of the goods. you should consult with any professional.
RAM KUMAR SAINI
(Expert)
23 June 2015
YES YOU CAN AVAIL THE INPUT CREDIT ON THE BASIS OF BILL OF ENTRY
Arun Kumar Singh
(Expert)
23 June 2015
Yes, tax is levied on PRM provision also.
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