Can a dealer claim Credit of 40/60 % for cosmetics goods? stock on 30.6.17.

Can a dealer claim Credit of 40/60 % for cosmetics goods held in stock on 30.6.17 purchased from a manufacturer in Baddi (excise free zone) on which no excise duty paid by manufacturer?

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Not sure about specific rule. But in my view u can take benifit of 40/60. But same may not be available if price is more than 25k

Answered on June 18, 2017.
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Gen GST