Sirs,
In my company (manufacturing), we bought Plastic crates to keep the Raw material and Finished goods.
Shall we claim the Excise Duty & VAT amount charged in that Invoice.
If not , kindly explain the reason behind it.
Thank you,
L KANAGARAJ (Assistant Manager-Finance) (615 Points)
26 March 2009Sirs,
In my company (manufacturing), we bought Plastic crates to keep the Raw material and Finished goods.
Shall we claim the Excise Duty & VAT amount charged in that Invoice.
If not , kindly explain the reason behind it.
Thank you,
Sachin
(Chartered Accountant)
(419 Points)
Replied 27 March 2009
Dear L Kanagaraj,
Generally we can take the Benefit of the CENVAT Credit on the Plastic Crates used for the handling of raw material.VAT is state tax. please write me full detail about your case sothat I can provide to you solution. my email id is sachinagarwalcallb @ gmail.com