Credit can’t be denied for capital goods supplied to job-worker by invoice marked as ‘stock transfer’ amp; tax paid on transaction value

EXCISE/ST/VAT : ‘Removal after being used’ being requirement for availment of CENVAT credit under rule 3(5A)(a) of CENVAT Credit Rules, 2004, credit not to be denied in respect of capital goods supplied to job-worker under cover of invoice marked as ‘This is stock transfer, not sale’ and amount paid on basis of ‘transaction value’EXCISE/ST/VAT : ‘Removal after being used’ being requirement for availment of CENVAT credit under rule 3(5A)(a) of CENVAT Credit Rules, 2004, credit not to be denied in respect of capital goods supplied to job-worker under cover of invoice marked as ‘This is stock transfer, not sale’ and amount paid on basis of ‘transaction value’www.taxmann.com Latest Case LawsRead More

Leave a Reply