03 December 2012
Dear Sir, We will start manufacture of bicycle accessories.(chpter headign no.87120090.) our customer request us for charge 2% Excise in invoice. but we study in this case.....we have 2 options available. 1)charge 2% but we cant take credit on raw material / input services. 2)charge 6% but we can take credit on raw material / input services.
Please confirm me is above information correct ? Give me extra information which u know already. Thanks
CAclubindia
