Dear Expert ,
I have to file Er 6 return of principal input.Can u explain about what is principal input, Is it unpacked materail or both unpack and packed .Please help ?
Regards,
Amit Singh
5 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 13 October 2015
INPUT means the raw materials / purchase of goods for manufacture / resale , it is identified by HS Code, packed or unpacked does not change the HS code.
Amit Prakash Singh
(Accountant)
(295 Points)
Replied 14 October 2015
Dear Sir,
We purchase raw material ch heading 87089900 (Part and Accessories of the Motor vehicle ) finished ,we just do here labelling and packing in our brand only .So we have material as it come from vendor(Unpack) and also some with complete finish in our brand (RG 1 Packed material) .Please help which material we enter in ER 6.
Thanks & Regards,
Amit Singh
Rakshit
(practising)
(338 Points)
Replied 15 October 2015
Principal Input has been defined under rule 9A of the Cenvat Credit Rules,2004.
Raksh*t
09810525780
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 15 October 2015
Principle input means that material which cost is 10% of total cost.
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 15 October 2015
Principle input means that all inputs (material) which cost is individualy 10% or more of total cost.
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