Excise duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2015 Dear Sir,

We received material @12.36%. Now we want clear the same material as such what tax will apply either 12.5% OR 12.36%. pls clarify

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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02 March 2015 IN THE CASE OF AS SUCH REMOVAL OF INPUTS, YOU HAVE TO PAY DUTY EQUIVALENT TO CENVAT CREDIT. IT MEANS YOU HAVE TO PAY DUTY @ 12.36%.
THANKS.
R.K.GARG.
(Advocate)

Karan Chandna

Karan Chandna (Expert)
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03 March 2015 Excise duty liability arise on manufacture.. Good removed as such are not manufactured and 12.5 % rate would not apply on the removell of gods

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Karan Chandna

Karan Chandna (Expert)
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03 March 2015 Excise duty liability arise on manufacture.. Good removed as such are not manufactured and 12.5 % rate would not apply on the removell of gods Karan 9871563826