TaxTMI 
TaxTMI 
Excise duty exemption under notification 10/97
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....xcise duty exemption under notification 10/97<br> Query (Issue) Started By: - Vivek anandhan Dated:- 16-3-2011 Last Reply Date:- 17-3-2011 Central Excise<br>Got 4 Replies<br>Central Excise<br>We are g....
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....oing to despatch our product without payment of duty under notification 10/97(Research Instute - Public funded), whether we have to reverse 5% of duty under the Cenvat Credit Rule, 2004 (rule 6) Can ....
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....any body explain me. V.Vekanandhan Sunbeam Generators Pvt ltd., Reply By Mangesh Lokre: The Reply: Yes, You have to reverse an amount ( and not the Duty ) equal to 5% of the Value of the exempted....
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.... goods, if you have not maintained the seperate account for dutiable and exempted goods. Example : If the Value of the Exempted Goods is Rs 100, then you have to reverse Rs 5. This will Non Cenvatab....
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....le and Cost to you. This value will not reflect on the Excise Invoice hence not recoverable from the Customer. Reply By Vivek anandhan: The Reply: Thanks Mr.Mangesh Lokre Reply By Vivek anandhan: T....
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....he Reply: Thanks Mr.Mangesh Lokre Reply By Vivek anandhan: The Reply: Thanks Mr.Mangesh Lokre<br> Discussion Forum - Knowledge Sharing ....