can duty paid on capital goods can be claimed as a refund if final product exempted.
our unit in utranchal. and we have exemption to pay duty.
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 09 January 2012
No input credit when the unit is not paying duty on final products.
HS Negi
(Senior Executive- F&A)
(590 Points)
Replied 13 January 2012
Dear Nitesh
Input credit is vailable when final product is dutiable. Reply of US Sharmaji is self explanatory.
Regards
HS Negi
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
