sir
we purchased solvents to use our mfg purposes from excise dealer who was imported the material and he issued the First Stage/Imported dealer invoice with duty details including addl excise duty passed to us and we taken the input credit for the same.
But where the column to show the addl excise duty in E R 1 return and what are the eligible inputs when we will import the goods either Capaital Goods or Inputs from directly or thr dealer
Please guide me and thanks in advance.
Refer Sl. No 5 - 'Details of CENVAT Credit Taken and utilized' under that credit taken on inputs on invoices issued by I stage or II Dealer against Colomn "ADE_LVD_CL_85. All inputs/ capital goods eligible for AED if you directly import or bought it from State 1/II dealer with proper cover of Rule 11 invoice.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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