whether i have to pay a excise duty as per rule 3(5b)
This query is : Resolved
vikas Ahinave
(Querist)
12 June 2009
while doing a stock valuation, we have make 100% write off provision on Non-moving items.Now my query is that, as per CENVAT credit rule 2004(rule no-3(5b), i have to pay the excise duty on such written off amount ? & when in future, while using such items in production process I can take a CENVAT credit ?....
Plz Help Some Body........
Plz Help Some Body........
Madhukar N Hiregange
(Expert)
14 June 2009
What you have mentine dis a sper the rule. What is your query?
11 September 2009
According to 16/2009 C.Ex.Notification you have to reverse the Cenvat. In future if you use the material for production you can take cenvat.
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