Exice Duty

GIRISH KHUBCHANDANI (STUDENT) (90 Points)

23 July 2011

WHETHER UNUTILISED CENVAT CREDIT OF TRADING GOODS CAN BE CARRY FORWARD FOR NEXT YEAR ???

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3 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 23 July 2011

trading goods and cenvat credit??????????????

in trading there is no existance of cenvat credit, its scheme for manufacturers only ,

excise registered dealers have to pass on the duty only, they are not eligible to take cenvat credit on traded items.

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Durga prasad Ambati (Taxation, Pursuing CA) (737 Points)
Replied 26 July 2011

Originally posted by : U S Sharma
	trading goods and cenvat credit?????????????? in trading there is no existance of cenvat credit, its scheme for manufacturers only , excise registered dealers have to pass on the duty only, they are not eligible to take cenvat credit on traded items.