21 June 2010
DEAR SIR WE ARE AVAILING AREA BASED EXEMPTION VIDE N/N-49,50 2003 IN UTTRAKHAND STATE. CAN WE CLAIM FOR REFUND FOR EXCISED UTY PAID ON RAW MATERIAL AND CAPITAL GOODS. AND ALSO IS IT COMPULSORY FOR US FOR REGISTRATION WITH EXCISE DEPTT.
21 June 2010
The refund shall be allowed only in those circumstances where a manufacturer is not in a position to utilize the credit of the duty on inputs during the quarter or month to which the claim relates.
CAclubindia
