Harshit Malviya (CA final student) (79 Points)
23 June 2009PLZ TELL ME ABT EXEMPTION NOTIFICATION NO 67/95 IN RELATION TO CAPTIVE CONSUMTION UNDER WHICH CAPTIVELY CONSUMED GOODS ARE EXEMPT FROM PAYMENT OF EXCISE DUTY , THE GOODS ARE HOWEVER MARKETABLE ?
A. Kiran Kumar
(Manager - Indirext Taxation)
(156 Points)
Replied 30 June 2009
Dear Harsh*t,
Capital Goods and inputs manufactured in a factory and used within the factory of prodution or in or in relation to the manufacture of final products are exempted from duty under the said notf. subject to the condition that your final product should be taxable.
Manoj Kumar Sinha
(11 Points)
Replied 08 May 2010
A. Kiran Kumar
(Manager - Indirext Taxation)
(156 Points)
Replied 08 May 2010
Dear Mr. Manoj,
Excise Duty should be paid on clearance of the raw material (finished product of a unit) to other unit.
Mukesh H Panchal
(Ex.Logistics/Excise)
(21 Points)
Replied 22 September 2012
we have in exemption but we manufatcure papertubes (chp.id 48229010) we are useing in captive
consuption under 2/2008 notification sl.no.39 in this connection we are debit in our part-ii as per the
qty used in a month X Rate = Ass.vlue than duty paid 12.36%
is it correct way my question is it necessary to debit in part-2
Pl.advise
Reg
Mukesh
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 22 September 2012
| Originally posted by : Mukesh H Panchal | ||
 |
we have in exemption but we manufatcure papertubes (chp.id 48229010) we are useing in captive consuption under 2/2008 notification sl.no.39 in this connection we are debit in our part-ii as per the qty used in a month X Rate = Ass.vlue than duty paid 12.36% is it correct way my question is it necessary to debit in part-2 Pl.advise Reg Mukesh |
 |
pls put more details, as the sl no 39 refers to filaments , perhaps you are asking for cones.
whether cenvat credit availed on inputs for paper cones? and whether you are dutiable at any point for any product?
CAclubindia
