12 July 2013
dear sir i have one company with a business of clothes and shoes and i am purchase two machinery in which one is produce clothes and another is shoes i paid excise duty on both machine.At the time of purchase of machinery as follows :- on cloths machinery suppose rs 3000 and on shoes machine rs.5000 i produce clothes and charge excise duty of rs.4000 on clothes in that way i has a output of excise duty is rs.1000 is remaining clothes is exempt from excise duty from 1.3.13 can i am adjust the renaming output of excise duty on shoes machine with the input excise duty on clothes machinery.
CAclubindia
