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Cenvat Credit Eligible on Solvent Cement, Central Excise |
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Cenvat Credit Eligible on Solvent Cement |
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Dear sir, We have a Manufacturing in Suryapet Product > PVC Pipes - 39172310 Query > we have received solvent cement from others, solvent cement used for laying and Jointing, we are not sold to Customers, we supplied free of cost for Jointing the Pipes, can we take Cenvat credit on Solvent cement .? Please sujjest me, Thanking you, V.Laxmaiah, Sudhakar Pipes, Suryapet. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
I am afraid that your query is not clear. Please clarify it to unable me to reply.
It appears that you are not adding the cost of solvent cement in the value of your finished goods. If so, the CENVAT Credit availment is not admissible. [The views expressed are personal in nature]
If you can satisfy that the purchase price of Solvent Cement is included in the final assessable price of Pipes that are used for the purpose of Jointing (though the Solvent Cement are supplied free of cost), then U can surely avail cenvat credit on Solvent Cement. Page: 1 Old Query - New Comments are closed. |
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