Hi friends
plz help me out with this query ...
An assesse purchases raw material (Yarn) and manufacters finish product (Fabric) .
Now, he pays excise on Yarn .... bt dere is no obligation to pay excise duty on Fabric to be sold .... so he cannot book CCR ....
is dere any way by which this excise duty can be saved ??
in case the fabric is sold to another manufacturer then there is a mechanism where you can pass on the credit of yarn to them. Hence, they will receive the credit of the duty paid actually by you.
KK & Company Chartered Accountant
Pune
CA Inter
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