Please Help: Excise duty input claim
Posted Date : 04-Jan-2012 , 10:57:37 am | Posted By shalu
Can excise duty be claimed on the sale in the course of transit by the final buyer?
Category : Excise | Answers : 2 | Comments : 0 | Hits : 297
Answers
Answer By: CA VIPIN GARG
Dear Shalu Ji, As far as i concern, No it can't be claimed till the goods reaches to the buyer's premises.
As per Rule 3 of CCR, 2004, the input credit can be taken immediately as and when the goods are received in the factory or premises of the buyer or manufacturer, so RECEIPT OF GOODS IS ESSENTIAL FOR TAKING THE CENVAT CREDIT ON ANY GOODS BY THE MANUFACTURER.....
Hope you got the answer you were looking for, have a nice day.........
As per Rule 3 of CCR, 2004, the input credit can be taken immediately as and when the goods are received in the factory or premises of the buyer or manufacturer, so RECEIPT OF GOODS IS ESSENTIAL FOR TAKING THE CENVAT CREDIT ON ANY GOODS BY THE MANUFACTURER.....
Hope you got the answer you were looking for, have a nice day.........
Answer By: Mrattunjay
yes
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