abhishek (director) (32 Points)
01 June 2010I have a mfg. company and paying excise too. in 2007-08 i purchased a machinery and credited my excise duty charged amount to PLA register for claiming mod vet of capital goods.
but wrongly my accountant forget to enter in books and depreciation charged on whole amount. At the time of Excise audit this point arise and now they are demanding excise duty (credited) amount reverse with interest. how can we save this ?
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 03 June 2010
If Cenvat Credit wrongly taken is reversed before issue of show cause notice, interest is not payble.
Murthy B.C
(Excise Officer)
(141 Points)
Replied 03 June 2010
Hello
if u r worngly availed cenvat credit of Capital Goods or Rawmaterial is reversed before audit abservation , you can save the Intrest, Excise Auditors findout this point you can Pay intrest Trough PLA Only.
Murthi
venkat
(ACCOUNTS EXECUTIVE)
(31 Points)
Replied 04 June 2010
Hai All,
Please give me any one Excise rule and rates
venkat
Murthy B.C
(Excise Officer)
(141 Points)
Replied 04 June 2010
Dep is 2.5% per Qutar, this is for Capital goods removed or discarged as such then only aplicable
Murthi
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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