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Need help on excise...

391 views 3 replies

DINESH

ACCOUNTS MANAGER

131 Points Joined April 2009

Dear all

pls help me

my is importer and manufacturer of goods now he is going to be registered under Excise as a manufacture..

I want to know about cenvat credit of excise duty can be taken on importing goods for trading in india...

Replies (3)

Sunil Kumar G

AGM Taxation

373 Points Joined April 2012

CENVAT Credit can be utilized for manufacturing purpose in India. For trading CENVAT Credit is not applicable other than your trading goods are inputs for some industry. SAD/AED 4% can go refund.

Arun Kumar Singh

GST Advocate

15220 Points Joined January 2009

Only you can take the cenvat credit on manufacturing activity. On the trading goods you can not take the cenvat credit. Registered trader can only pass the cenvat credit and premises should be separate.