on 07-07-2016 10:30 AM
Dear Friends,
Our client has a query that they want to utilize ADC and AED at the same time against Basic Exice Duty Liability .
Is it possible as per CENVAT rules. Please confirm.
For Ex: if total liability is Rs.100.
Credit balance in CENVAT account Basic Rs.60, AED Rs.20 and ADC Rs.20,
So, at the time of monthly utilization, they want to set off excise liability against BASIC, AED and ADC at the same time, Is it possible and how it can be achieved.
Please anybody help.
Thanks
SRK
Please pass a Excise JV in J1IH and transfer the balance as per your requirement. For example, AED balance to BED balance.
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