WHETHER UNUTILISED CENVAT CREDIT OF TRADING GOODS CAN BE CARRY FORWARD FOR NEXT YEAR ???
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Exice Duty
Replies (3)
trading goods and cenvat credit??????????????
in trading there is no existance of cenvat credit, its scheme for manufacturers only ,
excise registered dealers have to pass on the duty only, they are not eligible to take cenvat credit on traded items.
| Originally posted by : U S Sharma | ||
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trading goods and cenvat credit?????????????? in trading there is no existance of cenvat credit, its scheme for manufacturers only , excise registered dealers have to pass on the duty only, they are not eligible to take cenvat credit on traded items. |
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Im agree with the sharmaji..
If the activity is dealer under excise, the unutilsed credit can be carried forwarded.
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