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?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How & When We Calculate Deffered Tax... Please Give me Some Example.?

1596


i need sbi bank clerk exam model question papers

1912


after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.

1827


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?

1553


what are valuation accounts?

1556






Expand---------PSRT

1550


How good are you at Finance?

1633


What will be entry pass in tally if TDS paid by Credit Card.?

1566


which are company offering jobs in PORTFOLIO MANAGEMENT ?

1757


an amount deducted from the catalog price for an item of merchandise is called?

14237


What do mean by Computerization of accounts

2079


what you mean by cross dunning

1696


What is outsider equity and time interest period ratio?

1428


Can I check my Vantage credit score range online?

1491


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1432