please suggest me,
what is the procedure to claim exemption 214/86.
can we claim it at the time of registration.
Yuvraj Singh
(CA FINAL )
(135 Points)
Replied 09 December 2013
PLz find your answer in these below links:
/experts/notification-214-86-1185649.asp#.UqVgxtIW0gs
https://www.cbec.gov.in/excise/cxt2012-13/cx-gen/cx-gen21-24.pdf
Hope it will solve your query.
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 09 December 2013
Sir,
In my view 214/86, is define in Cenvat Credit rule 4 5(a) & B is very clearly in this regard you can sand the raw material, semi material, finished material for further manufacturing or job-work and material return within in 180 days otherwise interest should have deposit in this regard.
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