FMS Scheme

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....MS Scheme<br> Query (Issue) Started By: - Sanjay Sharma Dated:- 1-8-2012 Last Reply Date:- 1-8-2012 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Experts, As per the notification no. 30/201....

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....2-Central Excise Tariff, we understand that we can procure the excisable goods from the domestic market without payment of Excise duty by using the Focus Market scheme duty credit scrip but, there is ....

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....a confusion about the utilization of the said FMS for the Excise duty payment on finish goods. In other words, can we adjust our Excise duty liability on final product against the said FMS rather tan ....

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....paying the said excise duty by cash or by cenvat credit & if the case is like this then what would be the mechanism to utilize the FMS as there is no change in the form ER-1 yet to taking the effect o....

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....f this notification?. pls. provide your experts advise in this. Regards Sanjay Sharma Reply By Pradeep Khatri: The Reply: Yes you can avail the Drawback or CENVAT credit but there is no change in ....

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....the ER-1 form.<br> Discussion Forum - Knowledge Sharing ....