Credit of excise duty to manufacturing concern
This query is : Resolved
04 September 2012
I a company in business of manufacturing of goods on which excise duty is liable purchases a car in the name of company itself, than will the excise duty charges in the bill of Car will be allowed as credit to the company (as we get credit in case of capital goods)
04 September 2012
NO
CAR DOES NOT CONFIRM THE REQUIREMENTS OF CAPITAL GOODS AS PER CCR 2004
CAR DOES NOT CONFIRM THE REQUIREMENTS OF CAPITAL GOODS AS PER CCR 2004
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