If Assessee opted the Value based exemption (SSI Notification Under 8/2003)..but after he also book CCR on Input n Also take Credit for the for clearance...What r the cosequences..Is there is any Penal provision?? Plz mantion seprately with Relevant SEction...thnx
Menu
Penal provision for ssi
Replies (1)
if the assesee is paying duty on his clearances without availing SSI benefit from the begining of the year, then no much hardship would arise.
if he is availing both simaltenously, then the whole duty input credit would be reversed and department will initiate the case of fraud on the party.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
