compounded levy

 

Regarding GST implementations I have following querry

 

We are covered under compounded levy scheme U/S  3 A of Central excise Act. Our machine for Pan masala packing get regularly sealed after requested production run. Then again we need to submit requisite forms for getting it unsealed every time.

 

1.       Under GST  Will the compounded levy scheme will be discontinued or will remain in force.?

 

2.       Presently all our machine are in sealed conditions , will the department unseal all our machines with implementations of GST 01 jul 17

 

3.       Presently our access deposit for the month is given back as abatement order which can be adjusted in next month duties(predeposit) .

GST do not have any provision for adjustment of such abatement order nor can we claim that as our cenvat credit how that will be dealt how we will recover our money.

4.       Presently we are not allowed any cenvat credit on inputs or capital goods, Shall we get the same on our closing stock as on 30-jun-17