CLEARANCE TO R & D UNIT

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..... CLEARANCE TO R & D UNIT
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 17-12-2014 Last Reply Date:- 17-12-2014 Central Excise
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Central Excise
If we clear materials t .....

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..... o R and D unit without payment of excise duty under Notification No. 16/2007 C.E. dated 01.03.2007. In view of the above we have to pay @6% on assessable value as excise duty by way of reverse cenvat .....

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..... credit used to Manufacturing the same Material. Pl. advice us it is correct or not. Reply By Naveed S: The Reply: Yes sir, the views expressed in second para of your query is correct. You shall h .....

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..... ave to pay 6 % of the assessable value when goods are cleared under notification no. 16/2007 dated 01.03.2007, provided the conditions mentioned in the said notification are also satisfied.
Discus .....

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..... sion Forum - Knowledge Sharing .....

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