Dear All
Plz suggest whether despatch under notification 43/2001, 33/2005 without Duty need reversal of Credit on Inputs??
Jayesh
(Sr Article)
(78 Points)
Replied 17 August 2009
Sir
same as above but if Despatch under Notification No 64/95 then what the effect?
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 18 August 2009
In supply to defence sector, normally reversal of credit is required. However, there are certain situations where such reversal is not required.
CAclubindia
