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Invoice prepared for production company

EXICSE (Legacy) 710 views 4 replies

Dear sir

 

My company Purchased Led Lights from Bangalore. In the company  prepared the Invoice following items.

Led Lights            20 nos         12000/-                2,40,000/-

Excise Duty     5%                                                      12,000/-

E.Chess         2%                                                           240/-

HSEC             1%                                                           120/-

                                                                        ------------------------

Total                                                                        2,52,360.00

 

Vat @ 14%                                                                35,300.00

                                                                ----------------------------------

Total                                                                     2,87,690.00

 

1. In the above Material is taken Excise duty or not.

In the above bill is correct or not Please Clarified the doute sir.

 

Thanking you

G.O.REDDY

Replies (4)

You can claim the excise duty if the same is being used for the purpose of producing another product.

 

Yes,

Credit is allowed, provided the above item is used in or in relation to manufacture of excisable final product and the invoice contains other details as required by Rule 11 of Central Excise Rules, 2002 as amended.

Agree with Praween

You can claim the excise duty if the same is being used for the purpose of producing another product.


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