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TMI Blogvaluation, treatement cenvat creditX X X X Extracts X X X X X X X X Extracts X X X X ..... in the case of manufacturing industries, kindly elucidate the following 1. treatment of samples removed from factory, valuation, payment of duty etc. 2. in the case of ramaterial, wip, finish ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed goods become obsolete, treatment in reversing the cenvat credit taken 3. treatment of goods such as ramaterial stores, WIP, FG destroyed, and treatment in reversing the cenvat credit - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By CA. Surender Gupta - The Reply = In case of samples, duty is required to be paid - You need to apply Rule 6 read with Rule 11 of Valuation Rules In case the raw materials are obsolete ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or removed as such after availing the credit, you need to apply Rule 3 of Cenvat Credit Rules 2004. Where the Finished goods are destored to lost, you need to pay duty of excise or apply for rem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ission of duty before the appropriate authority - See Rule 21 of Central Excise Rules, 2002. Regarding WIP, to my mind if raw material has lost its original identity during manufacturing process, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same will be treated as finished goods. - valuation, treatement cenvat credit - Query Started By: - JAYARAMAN M Dated:- 12-1-2014 Central Excise - Got 1 Reply - Central Excise - Discussion For ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... um - Knowledge Sharing, reply post by an expert, personal opinion Tax Management 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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