Kind attention:
A ancilliary manufacturing company wants to sell part of its raw material to another company. Whether excise and vat is chargeable on sale price or the company can sell the same without charging the above duties
Murali srinivasan
Menu
Cenvat credit
Replies (1)
If you are not coming under excise exemption, you need to pay excise duty u/s 3(5) cenvat credit rules
3(5) When inputs or capital goods, on which CENVAT credit has been taken, are removed as such from the factory, or premises of the provider of output service, the manufacturer of the final products or provider of output service, as the case may be, shall pay an amount equal to the credit availed in respect of such inputs or capital goods and such removal shall be made under the cover of an invoice referred to in rule 9:
Regards
Kumar
Recent Topics :
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
Related Topics :
CAclubindia
