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Former Member
Jun 10, 2009 at 04:37 AM

excise duty?

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hi

as far as the rule of government is concerned we take 50%cenvat credit this year and 50% cenvat

credit next year for capital goods.so 50% of the excise duty goes to cenvat account and 50%

excise duty goes to cenvat on hold account.but can anyone tell me what is the purpose of maintaining cenvat account and what is purpose of PLA(personal ledger account)

regards

sanjay