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Inputs Sell
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....nputs Sell<br> Query (Issue) Started By: - Avinash Bhavsar Dated:- 31-1-2012 Last Reply Date:- 19-2-2012 Central Excise<br>Got 3 Replies<br>Central Excise<br>Dear Sir, We are manufacturing of Automob....
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....ile parts our unit is in Nashik (Maharastra) we received the inputs from Surat (Gujrath) the inputs are exsenot from duty, can we sell the inputs? under which rules, also give the duty slab. Regards,....
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.... Avinash Bhavsar Reply By raj kumar shukla: The Reply: IT APPEARS THAT INPUTS RECEIVED ARE EXEMPT FROM DUTY. IF THAT IS SO ,NO DUTY WOULD BE CHARGEABLE. IF THESE ARE DUTY PAID YOU MUST HAVE AVAILED....
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.... CREDIT . IN THAT CASE, YOU WILL HAVE TO REVERSE THE CREDIT TAKEN IN RESPECT OF INPUTS CLEARED. Reply By rakshit verma: The Reply: If inputs are not excise duty paid, the same can be cleared without....
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.... payment of duty against the invoice not maintained for excisable goods. For that you have to maintain separate series of invoice book with the prior permission of the jurisdictional Assisstant / depu....
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....ty commisioner. rakshit verma [email protected] Reply By NK SHETE: The Reply: Cenvat Credit Rule, 2004 are amended during last budget. Accordingly 'Trading' is exempted service. In given ....
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....case the unit is nothing but appears to trade. If so and party is availing cenvat credit, then this being exempted service, it seems that provisions of Rule 6 ibid are applicable and party has to opt ....
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....for one of the procedures.<br> Discussion Forum - Knowledge Sharing ....