A SSI unit has registered itself under Central excise, the basic
reason being that it can claim refund of Cenvat on inputs, As its
supplies are mostly to a unit in SEZ.
>
>
>
> How ever it purchases some items where dealers do not provide
Excise invoice, F.G goods manufactured out of such items are cleared
with out payment of E.D,Even these despatches are for the SEZ unit
only.
>
>
>
> In both the cases the F.G is cleared with out payment of duty,
however in the first case, CT3 procedure is followed while
despatchin where as in the latter no such procedure is followed...
>
>
>
> Is this procedure appropriate.Could any one clarify.
>
>
>
> Thanks & Regs,
>
>
>
> Ramesh
>
Menu
Excise Querry
Replies (3)
the proedure adopted seems to be inadequate in the frst sight but it is the only procedure by whih these types of transaction can be handled.
actually the supplies by the manufacturing co. to the SEZ is the most important part of Queston the supplies to a unit located i n SEZ can make co. mbeneficiary on this point and company can get input of excise credit while furnishing Exisce returns.
So the procedure adopted is quite OK
Rajiv Kumar Singh
actually the supplies by the manufacturing co. to the SEZ is the most important part of Queston the supplies to a unit located i n SEZ can make co. mbeneficiary on this point and company can get input of excise credit while furnishing Exisce returns.
So the procedure adopted is quite OK
Rajiv Kumar Singh
Dear Mr. Ramesh,
The procedure is incorrect. Goods cannot be cleared without payment of duty unless the procedure prescribed under the exemption notification is followed.
Pls note, your product is dutiable even if you have not availed Cenvat Credit on certain quantity of inputs. Clearances to SEZ/ EOUs are exempted only on certain conditions being followed. Procedures too are part of such conditions.
Had it been an occasional slip and if only some minor aspect of the condition been missed, you had a chance of favourable decision at higher forums (say at Tribunal). But you cannot claim - as a matter of right - that you should be allowed exemption without being asked to follow the procedure.
Sanjay Dwivedi
The procedure is incorrect. Goods cannot be cleared without payment of duty unless the procedure prescribed under the exemption notification is followed.
Pls note, your product is dutiable even if you have not availed Cenvat Credit on certain quantity of inputs. Clearances to SEZ/ EOUs are exempted only on certain conditions being followed. Procedures too are part of such conditions.
Had it been an occasional slip and if only some minor aspect of the condition been missed, you had a chance of favourable decision at higher forums (say at Tribunal). But you cannot claim - as a matter of right - that you should be allowed exemption without being asked to follow the procedure.
Sanjay Dwivedi
How you can take refund, only credit is allowed.
Refund is not allowed on deemed exports.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
