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This query is : Resolved
30 May 2015
I import the raw material for making the finished goods and i pay basic custom duty, Duty under section 3(1), Duty under section 3(5).
which duty is eligible for credit?
Thanks in Advance
which duty is eligible for credit?
Thanks in Advance
Guest
Guest
(Expert)
30 May 2015
YOU CAN TAKE THE CREDIT OF DUTY PAID U/S 3(1) & 3(5)
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30 May 2015
Duty u/s 3(1) and 3(5) is eligible for credit.
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30 May 2015
SSI unit can't claim credit.
30 May 2015
If SSI unit cross the 1.5 crore clearance then it can claim credit on stock at that time?
Thanks for your valuable reply
Thanks for your valuable reply
30 May 2015
If that stock is utilized for manufacture of excisable goods then it can be claimed.
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30 May 2015
And credit of finished goods is also available at that time?
30 May 2015
while paying finished goods excise duty you can utilize the credit.
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