The aggregate value of clearances by Rama Ltd. during the financial year 2013-14 is ₹960 lakh. Determine the amount of CENVAT credit available to Rama Ltd. in respect of the following items procured by them in the month
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2014
The aggregate value of clearances by Rama Ltd. during the financial year 2013-14 is ₹960 lakh. Determine the amount of CENVAT credit available to Rama Ltd. in respect of the following items procured by them in the month of November, 2013: Item Excise Duty Paid (including EC and SHEC) ₹ (i) Raw materials 1,44,000 (ii) Capital goods used for generation of electricity for captive use within the factory 3,00,000 (iii) Goods used in the guest house primarily for personal use 80,000 (iv) Inputs used for making structures for support of capital goods 2,50,000 (v) Parts and components for use in the manufacture of final product 80,000 (vi) Goods for providing free warranty 20,000
Topics: Central Excise / Indirect Tax
Related Questions in this Topic
- Mention briefly Rule 5 of general rules for the interpretation of Schedule to the Central Excise Tariff Act, 1985.
- Distinguish between 'non-excisable goods' and 'nil' rated goods.
- Discuss emergency power of Central Government to increase the rate of central excise duty.
- Zen Engineering Ltd. manufactures various types of flexible packaging machines known as form, fill and seal machines. Ma...
- Referring to the particulars of JAM Ltd. provided in Q.3(b)(i), what would be duty liability of the assessee if he does ...