Er-8 return

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DEEPAK

STUDY

74 Points Posted on 19 November 2013

AS PER PROVISO VI TO RULE 12 OF CENTRAL EXCISE RULES 2002, AN ASSESSEE WHO IS AVAILING THE BENEFIT OF NOTIFICATION No. 01/2011-CE WILL HAVE TO FILE THE ER-8 RETURN. THE ASSESSEES MANUFACTURING SOME SPECIFIC ITEMS ARE ELIGIBLE TO FILE THIS RETURN. THEY WILL HAVE TO PAY DUTY ONLY @ 2% AND WILL NOT BE ENTITLED TO AVAIL CENVAT CREDIT ON INPUTS AND CAPITAL GOODS.

CAN AN ASSESSEE WHO IS FILING ER-8 RETURN AVAIL THE SSI EXEMPTION i.e. CAN AN ASSESSEE WHO IS FILING ER-8 RETURN AVAIL THE FACILITY OF EXEMPTION FROM EXCISE DUTY ON THE FIRST CLEARANCES OF Rs. 1.50 CRORES IN A FINANCIAL YEAR.

Replies (4)

kumar hattanna

Officer - Excise

391 Points Posted on 20 November 2013

Dear Sir

Your Question is not clear.

Harendra Kumar

Tax Advisor

1502 Points Posted on 21 November 2013

Sir,

Your are exemption claim N/F 01/2011 and filed the ER-8 and also taken the benifit of SSI, and you can't not availed the Cenvat Credit in this regard if you taken the Cenvat Credit Benifit you have to pay full Excise Duty i.e. 6 %.

R P Ananthakumar

Sr. Officer - Central Excise/Cash

492 Points Posted on 22 November 2013

1.50 cr exemption limit is general exemption for taking central excise registration. After getting registeration you are paying duty 1% (not 2%) for your goods which are specified in notn.no. 01/2011 dated 01.03.2011

hariharan

Auditing

82 Points Posted on 11 July 2017

sir Please clarify, the above manufactures can claim Excise duty on its stock in GST under transitional provisions.

Is Modvat invoice is necssary to claim input duty or invoice is only enough.because the unit have excise paying invoice but fails to quote its excise no in the supplier invoice. if credit may be taken Please quote section also.