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excise set off before excise registeraion

657 views 4 replies

Rohan

Audit Manager

103 Points Joined May 2010

Hi All , I am Rohan
I have query on Central Excise -
Our company has recently got registration under Central Excise [ECC] on 20/11/20009
Now we have many purchases before registration from 01/04 - 20/11/2009
Most of them are charged with excise duty, can i avail Modvat of the Duty
paid for such purchases, is there any provision in Excise to take set off of the same. Do revert back ASAP

Thanks in advance
rohan

Replies (4)

Jeevesh Mehta

Advocate- Corporate Commercial & Indire

861 Points Joined February 2009

Dear Rohan,

Yes you can take the credit of excise paid on inputs, input services and capital goods under CENVAT CRedit Rules, 2004. You will be able to utilize the credit at the time clearance of the final product manufactured or final putput service provided.

For more clarification you may contact the under signed.

Regards

Maven Legal LLP

admin @ mavenlegal.net

Ph: 9811617186