Amit Prakash Singh (Accountant) (295 Points)
16 March 2011Dear All Experts,
we take in cenvat credit of Wheel Nut Spanner (Hand Tools) Chapter Heading 82041110 and we sale it after paying excise duty on it. Can we do this?. Please reply as early as possible.
Thanks in advance.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 18 March 2011
| Originally posted by : Amit Prakash Singh | ||
 |
Dear All Experts, we take in cenvat credit of Wheel Nut Spanner (Hand Tools) Chapter Heading 82041110 and we sale it after paying excise duty on it. Can we do this?. Please reply as early as possible. Thanks in advance. |
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1) you can do it with entry in RG23A part 1 as stock and RG23A part 2 as duty input credit, at the time of purchase and clear the goods from RG23A part 1 and reversing (not paying) the duty from RG23A part 2,
or
2) you have to obtain the dealer registration and trade the same with 23D register.
Durga prasad Ambati
(Taxation, Pursuing CA)
(737 Points)
Replied 19 April 2011
| Originally posted by : U S Sharma | ||
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Originally posted by : Amit Prakash Singh Dear All Experts, we take in cenvat credit of Wheel Nut Spanner (Hand Tools) Chapter Heading 82041110 and we sale it after paying excise duty on it. Can we do this?. Please reply as early as possible. Thanks in advance. 1) you can do it with entry in RG23A part 1 as stock and RG23A part 2 as duty input credit, at the time of purchase and clear the goods from RG23A part 1 and reversing (not paying) the duty from RG23A part 2, or 2) you have to obtain the dealer registration and trade the same with 23D register. |
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im agree with U S Sharmaji .....
CAclubindia
