Cenvat claim for zero % output duty

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 June 2015 Dear Sir,

we have two type of Excisable products 12.5% & 0% duty, Whether we can claim Cenvat of input for both or Can claim only when duty is not zero.

Thanks in advance

10 June 2015 There is 3 way is available if you are manufacturing excisable goods and exempted goods. 1. you can pay 6& duty on the exempted goods and take cenvat credit on all inputs and input services. 2. You need to maintain seperate books of account for both products. 3. You can take the cenvat credit on proporsanate way. if you have any doubt then consult with any professional.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries