Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Cenvat credit on goods cleared

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Cenvat credit on goods cleared
Query (Issue) Started By: - kiran kujur Dated:- 11-9-2009 Last Reply Date:- 25-9-2009 Central Excise
Got 2 Replies
Central Excise
what will be cenvat credit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on goods cleared from 100% Eou/STP/EPZ before 9.9.09.pl provide details ofBED,E.Cess.,H.E.Cess separately Reply By Surender Gupta: The Reply: The date of amendment to rule 3 of the cenvat credit ru .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... les 2004 is 7-9-2009 regarding cenvat credit to EOU/STP/SEZ. The provisions applicable before 7-9-2009 read as under: "{X multiplied by [(1+BCD/200) multiplied by (CVD/100)].} Reply By R.S. Mangal: T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he Reply: In case of goods sold by EOU in DTA under Condition No. 2 of Ntfn. NO. 23/2003 CE, the cenvat available to the buyer is as per rule 3(7) (a) of CCR, 2004. There are tribunal decisions holdi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng that education cess, Higher educaion cess is available in full for cenvat credit by the DTA purchaser. However the matter was arguable before the amendment in CCR, 2004 on 09.09.09. In my opinion t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he buyer is eligible for credit of EC, HEC even before 09.09.09.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates