100
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2013
dear sir i have one company with a business of clothes and shoes and i am purchase two machinery in which one is produce clothes and another is shoes i paid excise duty on both machine.At the time of purchase of machinery as follows :-
on cloths machinery suppose rs 3000
and on shoes machine rs.5000
i produce clothes and charge excise duty of rs.4000 on clothes in that way i has a output of excise duty is rs.1000 is remaining clothes is exempt from excise duty from 1.3.13
can i am adjust the renaming output of excise duty on shoes machine with the input
excise duty on clothes machinery.
on cloths machinery suppose rs 3000
and on shoes machine rs.5000
i produce clothes and charge excise duty of rs.4000 on clothes in that way i has a output of excise duty is rs.1000 is remaining clothes is exempt from excise duty from 1.3.13
can i am adjust the renaming output of excise duty on shoes machine with the input
excise duty on clothes machinery.
12 July 2013
cenvat credit on inputs used in manufacture of exempted goods is not allowed..
12 July 2013
Cenvat credit on exempted goods is not allowed even if inputs are excisable goods.
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