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Q. > Please Help: Excise duty input claim
Can excise duty be claimed on the sale in the course of transit by the final buyer?
2 Answers
answered Jan 04, 2012 by CA VIPIN GARG , New Delhi
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.........
answered Feb 21, 2012 by Mrattunjay , New Delhi
yes
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