Dear all
pls help me
my is importer and manufacturer of goods now he is going to be registered under Excise as a manufacture..
I want to know about cenvat credit of excise duty can be taken on importing goods for trading in india...
3 Replies
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 27 July 2013
CENVAT Credit can be utilized for manufacturing purpose in India. For trading CENVAT Credit is not applicable other than your trading goods are inputs for some industry. SAD/AED 4% can go refund.
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 27 July 2013
Only you can take the cenvat credit on manufacturing activity. On the trading goods you can not take the cenvat credit. Registered trader can only pass the cenvat credit and premises should be separate.
DINESH
(ACCOUNTS MANAGER)
(131 Points)
Replied 28 July 2013
dear sir
how it will be treated in RG-23 part ii
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