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TMI BlogCenvat Credit on PNG GasX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, Earlier we have used diesel to generate electricity for factorty production. Diesel is restricted to take cenvat credit. Now we have used png gas for generate electricity. Can we take ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat credit. Thanks - Reply By Pradeep Khatri - The Reply = Yes, you can. Since in the definition of Input under Rule 2(k) of the CENVAT credit Rules as effective from 01-04-2011, inputs me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ans --- i ............................ ii ......................... iii all goods used for generation of electricity or steam for captive use; or iv ........................... but exclu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... des - A) Light diesel oil, high speed diesel oil or motor spirit, commonly known as petrol; Since these goods have been specifically excluded and other than these goods all goods included, used fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r generation of electricity or steam for captive use, therefore, you can avail the CENVAT credit. Please also inform the Central Excise Department accordingly, so that suppression of material plea ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n not used by them. - Cenvat Credit on PNG Gas - Query Started By: - RAM NAUDIYAL Dated:- 10-10-2012 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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