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TMI BlogExcise duty exemption under notification 10/97X X X X Extracts X X X X X X X X Extracts X X X X ..... We are going to despatch our product without payment of duty under notification 10/97(Research Instute - Public funded), whether we have to reverse 5% of duty under the Cenvat Credit Rule, 2004 (r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ule 6) Can any body explain me. V.Vekanandhan Sunbeam Generators Pvt ltd., - Reply By Mangesh Lokre - The Reply = Yes, You have to reverse an amount ( and not the Duty ) equal to 5% o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Value of the exempted goods, if you have not maintained the seperate account for dutiable and exempted goods. Example : If the Value of the Exempted Goods is Rs 100, then you have to rever ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se Rs 5. This will Non Cenvatable and Cost to you. This value will not reflect on the Excise Invoice hence not recoverable from the Customer. - Reply By Vivek anandhan - The Reply = Thanks Mr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .Mangesh Lokre - Reply By Vivek anandhan - The Reply = Thanks Mr.Mangesh Lokre - Reply By Vivek anandhan - The Reply = Thanks Mr.Mangesh Lokre - Excise duty exemption under notification 10/97 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - Vivek anandhan Dated:- 16-3-2011 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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