Hello,
What is the rate of Central Excise on Manufacture of Bicycle Tyres/Tubes? Is CENVAT Credit available?
Any info in relation to this would be appreciated.
3 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 September 2012
https://www.cbec.gov.in/ub1213/ce12-2012.pdf
sl no 153
when the final product is exempted, input credit is not admissible.
yashsr
(CA)
(2285 Points)
Replied 26 September 2012
Thanks! I think its entry no.154 but it is also exempt. I have a doubt though. If you see the Profit/Loss A/c of Listed Company Govind Rubber at the following link, you'll notice that their Sales is about Rs.355 Crores and Excise is about Rs.1 Crore. Since I believe they only mfg tube tyres, what could the Excise be?:
https://economictimes.indiatimes.com/govind-rubber-ltd/profitandlose/companyid-11597.cms
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 September 2012
https://economictimes.indiatimes.com/govind-rubber-ltd/finishedproducts/companyid-11597.cms
AS PER MY UNDERSTANDING THE ed WAS PAID ON OTHERS, AND NOT ON CYCLE TUBES / TURES, IT MAY BE RUBER SHEET, OR OTHER GOODS OF RUBBER
Recent Topics
- Gst rate on construction service on own land
- Form-16 in Excel Format for Asst Year 2025-26
- Https://www.facebook.com/alphalabstestosteroneboos
- Money received in inheritance
- Huf property transfer
- Rent Paid By company but GSTR 3B Return Reverse Ch
- F&O Loss carry forward and set off under the n
- SOLAR PLANT POWER
- Regarding chit broker commission gst
- Gst on security service provided by a pvt ltd co.
Related Threads
CAclubindia
