SIR,
WE ARE CLEARING MATERIALS UNDER VARIOUS EXEMPTION NOTIFICATIONS BY REVERSING 5% OF THE VALUE OF THE MATERIALS AS WE HAVE AVAILED THE CENVAT CREDIT. I WANT TO KNOW WHETHER ANY CHANGES HAVE BEEN MAADE TO THIS RULE IN THE UNION BUDGET. WE ARE DEBITING THE AMOUNT FROM CENVAT ON THE SAME DAY OF CLEARANCE.
THANKS IN ADVANCE.
HARI
no changed in budget...
RBSM Corporate Advisors Private Limited
Pune
CA
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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