notification 10/97
This query is : Resolved
15 June 2009
Dear Experts,
pls tell me, if any govt. concern company like BARC/ RCF purchase material from manufacturer who is under excise & issue them certificate of notification 10.97 then whether that manufacturar has to pay excise duty on sale of their goods or due to receiving exemption certificate they were not liable to pay excise. Or if duty is compulsary than how it is calculated. pls advice.
thanks.
pls tell me, if any govt. concern company like BARC/ RCF purchase material from manufacturer who is under excise & issue them certificate of notification 10.97 then whether that manufacturar has to pay excise duty on sale of their goods or due to receiving exemption certificate they were not liable to pay excise. Or if duty is compulsary than how it is calculated. pls advice.
thanks.
Madhukar N Hiregange
(Expert)
17 June 2009
NO CED to be charged. However the credit on the input materials used for the same as well as the input services would not be admissible for credit. Pl see Rule 6 of the cenvat credit rules.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation error
- Capital gains in IT returns
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Form 144 TDS Return Validation Error – Mandatory Fields
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
