Excise duty cenat credit

Dear Sir,

Please any tell me, Is Cenvat credit availed for processing material ????

 

Thank you

VIJAY

Replies (4)

Query is incomplete.Read Rupe 3 of Cenvat Credit Rules, 2004,  for availing Cenvat credit

 

Raksh*t

09810525780

Raw material                  500000

Lubricant Oil                    50000

Diesel                            150000

Quality Testing machin     190000

Pollution control               80000

Packing material             150000

Prossing Material            160000

Office equipment              120000

The excise duty is 16% calculate CENVAT CREDIT available ?

Dear Sir,

Please solve this problem urgently plz plz plz.....

Indira Industries, Pune produces a product the cost of production is Rs. 450/- per unit, selling cost is 90/- per unit and profit is 50/- per unit. the excise duty is due @ 12.36% 

during a month, the actual production was 90000 units. the discounts are offered to different class of buyers at varying rates. the disposal of goods was as follows.

class                  Quantity                         Discount % of sales price

Distributor            40000                                       20%

Agent                   16000                                       16%

Super Bazar          8000                                         10%

Retail Outlet         14000                                        5%

Foreigner              4000                                         15%

Calculate duty payable

 

I hopes you will solve this sum urgent basis ...

 

Thank you 

Regards

VIJAY

Dear Vijay,

You will get CC of 1,80,800/-

 

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