When we are using the DEPB licence for duty adjustment 100
%, there is no cash payment to customs. If i am a trader
and registered with excise, Can we avail the modvat credit
and pass on to customers?
- 4 Answers
- 11219 Views
- ABC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / jiban tripathy
In case DEPB licence ,we are paying full custom duty and
depositing C.V.DUTY only.we can avail modvat credit to the
extent of payment of cv duty and pass on to the customers
to that extent.
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / vinay jindal
Yes we can avail the modvat credit and pass on to customer
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / jagdish sherla
When we are using the DEPB licence for duty adjustment 100%
there is no question to avail the modvat credit. Then we
will purchase the goods under CT-1 Bond & ARE-1 Form for
export the goods.
| Is This Answer Correct ? | 15 Yes | 11 No |
Answer / vipin kumar
We are using DEPB License as payment tool like cash. We can
avail the modvat credit and pass on to the customer.
| Is This Answer Correct ? | 1 Yes | 0 No |
write about an e-mail to manager seeking permission for leave
is India apply IFRS now?
EXPAND___________NPO
what are the questions put-up on interview in the field of finance operations work ?
Short Answer on __________Partnership
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
I am BSC(comp.sc) student & I want to give the interview for account assistant/executive. what preparation is required, please tell me.
In Profit & Loss Accounts, "Sales of Products" consists of Price of Material & Excise. Why Sales Tax (CST or VAT) is not considered as part of "Sales of Products".
which form we use for TDS Return?
What are patents
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
What is Depreciation and how is it different from amortization
5 Answers IBM, Thomson Reuters,
Audit 
