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Credit of excise duty

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2017 Hii
My client is a manufacturer and his final product is exmepted from excise.So, he is not registered under excise.So my question is how much credit of excise can he avail on closing stock ?
Can he claim credit of excise on only excisable bills ?
Can he claim 40 % credit of excise on non-excisable bills also ?

Thanks in advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 He claim credit of excise on only excisable bills


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