Rule 21 of cce
This query is : Resolved
10 December 2014
As per rule 21 of CER remission of duty is available if its because of natural calamities ....at any time before removal .
My question is how we know about what amount of duty is to be claim for remission because we take the rate on the date of removal for the purpose of excise duty .for suppose lose coz of fire is on 2 .3.2014
....but the duty will be charged on later date when the goods will be removed from factory considering tat date duty .....
My question is how we know about what amount of duty is to be claim for remission because we take the rate on the date of removal for the purpose of excise duty .for suppose lose coz of fire is on 2 .3.2014
....but the duty will be charged on later date when the goods will be removed from factory considering tat date duty .....
10 December 2014
In this case the rate of duty will be the rate applicable on the date on which fire broke out in the premises.
10 December 2014
But we didn't deposited the duty till the calamity as we deposit the duty on the basis as the rate on removal then how we can claim remission..
10 December 2014
Remission is sought for duty on finished goods lying in the factory which were destroyed by fire.
Excise duty is attracted at the time of MANUFACTURE. Removal is only the point of collection.
The finished goods lying in stock are liable to excise duty.
Remission is sought to waive the liability to pay excise duty.
Excise duty is attracted at the time of MANUFACTURE. Removal is only the point of collection.
The finished goods lying in stock are liable to excise duty.
Remission is sought to waive the liability to pay excise duty.
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
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Filing of Form 10BB instead of Filing Form 10B
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Disallowance of Section 43B(h) to sez units
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
Trending Online Classes
CAclubindia
