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Cenvat credit of excise duty

753 views 1 replies

Hi.. Freinds,

My query is that...

M/s. A is manufacturing the truck and the same is sold to the distributer M/s. B for Rs. 20,00,000,with excise duty of Rs. 2,60,000 (Assumed)  charged on the invoice and then M/s. B sold the same truck to M/s. C by charging the nominal profit (say 2%) on cost...

Here M/s. C is also the manufacturer of another excisable goods on removal of which the excise duty is required to be paid and he wants to take the credit of the excise duty charged on the invoice by M/s. A being the manufacturer of truck.

So how he ("C") will take the credit of the same???

Please say any reference to section or rule....

And what M/s. B has to do???

Pls.. its urgent.....

Replies (1)

input credit on TRUCK is not permitted. so the value including the ED will be the value of truck and at no stage input credit is admissible.

 

also to avail cenvat credit, B has to register himself as regd dealer under excise, 


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