Dear Sir,
Please any tell me, Is Cenvat credit availed for processing material ????
Thank you
VIJAY
4 Replies
Rakshit
(practising)
(338 Points)
Replied 01 June 2015
Query is incomplete.Read Rupe 3 of Cenvat Credit Rules, 2004, for availing Cenvat credit
Raksh*t
09810525780
VIJAY KUDTARKAR
(ACCOUNTANT)
(291 Points)
Replied 06 June 2015
Raw material 500000
Lubricant Oil 50000
Diesel 150000
Quality Testing machin 190000
Pollution control 80000
Packing material 150000
Prossing Material 160000
Office equipment 120000
The excise duty is 16% calculate CENVAT CREDIT available ?
VIJAY KUDTARKAR
(ACCOUNTANT)
(291 Points)
Replied 06 June 2015
Dear Sir,
Please solve this problem urgently plz plz plz.....
Indira Industries, Pune produces a product the cost of production is Rs. 450/- per unit, selling cost is 90/- per unit and profit is 50/- per unit. the excise duty is due @ 12.36%
during a month, the actual production was 90000 units. the discounts are offered to different class of buyers at varying rates. the disposal of goods was as follows.
class Quantity Discount % of sales price
Distributor 40000 20%
Agent 16000 16%
Super Bazar 8000 10%
Retail Outlet 14000 5%
Foreigner 4000 15%
Calculate duty payable
I hopes you will solve this sum urgent basis ...
Thank you
Regards
VIJAY
satya
(Executive Excise)
(1839 Points)
Replied 06 June 2015
Dear Vijay,
You will get CC of 1,80,800/-
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