Modvat claim

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 August 2013 I AM REGISTERED IN CENTRAL EXCISE AS A MANUFACTURE IN OCT-12.BEFORE OCT-12 WE HAVE EXCISABLE ITEMS PURCHASE.AND WE HAVE SALES EXCISABLE ITMES IN APRIL-13.

MY QUERY IS WE HAVE CLAIM THE MODVAT BEFORE EXCISE REGISTRATION PURCHASE OR NOT?

AND WE HAVE NOT FILLD THE C.E.RETURN.WE CAN C.E.RETURN FILLED FOR THE PREVIOUS MONTHS WITH LATE FILLING FEES OR NOT ? WHAT IS TH EXCISE RETURN LATE FILLING FEES.

WE HAVE ITEMS PURCHASE FROM C.E.DEALERS AND THIS GOODS IS PARTLY USED IN DOMESTIC SALES AND PARTLY USED IN EXPORT SALES.WE CAN CREDIT FOR ALL EXCISSE PURCHASE OR NOT?

PLS. CLEARIFY.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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18 August 2013 You can take the cenvat credit of laying stock after registration. Penalty can decided by the excise department. You can take the cenvat credit of input used in DTA sale and exported goods. If any doubt you can consult with me.