Dear sir
My company Purchased Led Lights from Bangalore. In the company prepared the Invoice following items.
Led Lights 20 nos 12000/- 2,40,000/-
Excise Duty 5% 12,000/-
E.Chess 2% 240/-
HSEC 1% 120/-
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Total 2,52,360.00
Vat @ 14% 35,300.00
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Total 2,87,690.00
1. In the above Material is taken Excise duty or not.
In the above bill is correct or not Please Clarified the doute sir.
Thanking you
G.O.REDDY
You can claim the excise duty if the same is being used for the purpose of producing another product.
Yes,
Credit is allowed, provided the above item is used in or in relation to manufacture of excisable final product and the invoice contains other details as required by Rule 11 of Central Excise Rules, 2002 as amended.
Agree with Praween
You can claim the excise duty if the same is being used for the purpose of producing another product.
Karia Overseas
Ahmedabad
CA
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CAclubindia
