22 May 2014
dear sir , i am working in automobile work shop . we are purchasing paint material with excise invoice. can we take input credit for100% on that. pld clarify as early as possible.
23 May 2014
if you are traders of goods you are purchase then you take the input and make the sale then adj the same.
and another if you mfg. of some item and paint material use as raw material for finished for u are manufacturing then you can claim credit of excise duty.