Excies

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Poonam Ahire (Querist)
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17 October 2014 we are recently take excise registration but till date our production not start

we r recd some bill including excises tax

1.how we book this bill
2.can we use as a cevat credit
3.which excise bill are take or not take excise credit
4.for production we buy a foaming machine @ 7lakh with including excise & vat how to book this bill with excise
5.it is necessary to give excise code, were we get all excise code for particular items

kalpesh bafana

kalpesh bafana (Expert)
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18 October 2014 You can take benefit of Cenvat from the Date of Excise Registration. Cenvat on Machinery you should claim 50% benefit in current year & remaining 50% on next year i.e on 01/04.

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