13 March 2012
Hi friends plz help me out with this query ... An assesse purchases raw material (Yarn) and manufacters finish product (Fabric) . Now, he pays excise on Yarn .... bt dere is no obligation to pay excise duty on Fabric to be sold .... so he cannot book CCR .... is dere any way by which this excise duty can be saved ??
16 March 2012
There is no way but through the association of the manufacture a representation can be made to include the provisions to refund of the same