Rule -13 : Deemed CENVAT CREDIT : The Central Government may by notification ,declare inputs or input services on which CENVAT credit shall be allowed at deemed rate specified in […]
Excise - 44. page
Rule -7A : Distribution of credit on inputs received by the office or any other premises of output service provider – Excise
Rule -7A : Distribution of credit on inputs received by the office or any other premises of output service provider : Where the provider of output service receives inputs /capital […]
Rule- 7 Manner of distribution of credit by ISD – Excise
Rule- 7 Manner of distribution of credit by ISD : Input service distributor (ISD ) means an office of the manufacturer or producer of final products or office of the […]
Rule 6 (2 ) : Cenvat Credit ,if goods and services partly exempted and partly taxable – Excise
Rule 6 (2 ) : Cenvat Credit ,if goods and services partly exempted and partly taxable : Option-1: As per rule 6(2) of the Cenvat Credit Rules,2004 If separate accounts […]
Rule 6 (1) ; No Cenvat Credit for exempted goods and exempted output services – Excise
Rule 6 (1) ; No Cenvat Credit for exempted goods and exempted output services: If the manufacturer or service provider deals with exempted goods and services then no Cenvat Credit […]
Rule-5 : Refund of CENVAT Credit – Excise
Rule-5 : Refund of CENVAT Credit : The maximum amount of refund admissible is calculated as under- Refund Amount= Export turnover of Goods + Export Turnover of Services x Net […]
Some of important Rules under CENVAT CREDIT RULES, 2004 – Excise
Some of important Rules under CENVAT CREDIT RULES, 2004 ARE: Rule -3(4 ) : As per this rule credit may be utilized for payment of – (a ) any duty […]
INTRODUCTION ON CENVAT CREDIT -Excise
INTRODUCTION ON CENVAT CREDIT : In September 2004, GOI came out with the CENVAT Credit Rules ,2004 by merging the CENVAT Credit Rules ,2002 and Service tax credit Rules ,2002. […]
Procedure in respect of excisable goods removed from a factory or a warehouse – Excise
Procedure in respect of excisable goods removed from a factory or a warehouse: (i ) The consignor shall prepare an application in 4 copies and invoice.The consignor shall send the […]
Period of Warehousing – Excise
Period of Warehousing: Initial period- Warehousing is allowed up to 6 months but , AC/DC may extend this period maximum up to further 6 months. Maximum period : 3 years […]