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I am having stock of paints purchased from the manufacturer, but the manufacturer transferred the goods to the depo and then the depo sold to us under 2%CST. In the previous vat regime we have not claimed any ITC as it was outstate. but now how can we claim the Exise duty in tran forms. whereas we are not having excise bill.
Replies (1)
Yes you can claim credit of excise duty but as per 60/40 rules given in Rule 117(4) of transitional rules
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