can duty paid on capital goods can be claimed as a refund if final product exempted.
our unit in utranchal. and we have exemption to pay duty.
Nitesh Maheshwari (123) (104 Points)
09 January 2012can duty paid on capital goods can be claimed as a refund if final product exempted.
our unit in utranchal. and we have exemption to pay duty.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 09 January 2012
No input credit when the unit is not paying duty on final products.
HS Negi
(Senior Executive- F&A)
(590 Points)
Replied 13 January 2012
Dear Nitesh
Input credit is vailable when final product is dutiable. Reply of US Sharmaji is self explanatory.
Regards
HS Negi
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