Set off of customs u/s 3(1).3(5) with excise duty
This query is : Resolved
26 June 2012
is it possible to Set off of customs duty paid u/s 3(1).3(5) with excise duty
26 June 2012
Yes, it can be set off against the excise duty since it is also the excise duty and corresponding output excise duty is not possible.
Message likes :
1 times
26 June 2012
if comapny is a manufacturing company and paying excise duty then it possible to set off custom duty under sec 3(1) and 3(5).
However, if company is trading company and paing vat/cst then the company is eligiable to claim the reund of custom duty paid u/s 3(5) from custom deptt.
However, if company is trading company and paing vat/cst then the company is eligiable to claim the reund of custom duty paid u/s 3(5) from custom deptt.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
