We have shifted our registered premises under Excise law to a new location along with raw materials and Capital Goods. During the process we have not complied with procedures as per excise law and dept. collected duty during excise audit on shifting of Capital Goods.
My doubt is, Can we claim this duty as input in our new premises?? If yes, how much?
14 July 2014
DEAR SIR, YOU SHOULD RAISE AN INVOICE FROM OLD PREMISES TO NEW PREMISES FOR DUTY AMOUNT ON CAPITAL GOODS WHICH YOU PAID AS PER AUDITORS DEMAND, THEN YOU WILL BE ABLE TO CLAIM CENVAT CREDIT ON YOUR INVOICE IN YOUR NEW PREMISES @ 50% IN CURRENT YEAR AND 50% IN NEXT YEAR IN SAFER SIDE. THANKS R.K. GARG (M.COM. L.L.B.) [CONSULTANT OF CENTRAL EXCISE,CUSTOMS AND SERVICE TAX]
CAclubindia
