hello, we have a unit of casting business which is registered in central excise...we purchase raw material that is iron and steel...but due to some reasons we want to remove the raw material...is this is trading of goods? whether we have to issue a separate invoice book for doing so and what will be the affect on cenvat?
plz explain....
If manufacturer is not able to use the inputs or capital goods for any reason he can clear the inputs as such or after partial processing or capital goods as such from factory/premises after payment of an amount.
thanks for the information....but how to calculate excise on it....just like the normal maufacturing way i.e basic duty rate on asseable amount ? or to pass on the excise just like the trader does?
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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Hema Yashwanth & Associates
Chennai
B.Com
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