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TMI BlogCenvat credit on additional excise duty or Rs.15/ltrX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir We are manufacturer and product PT is our Raw Material falling under chapter heading 27101219 which attract excise duty @ 14% + Rs. 15/ltr. Please let me know whether Cenvat credit is available ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on Rs. 15/ltr? - Reply By CA. Surender Gupta - The Reply = What is excluded form the definition of input is Motor Spirits commonly known as petrol not all the motor spirits. See: 2013 (1) TM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I 324 - CESTAT, NEW DELHI - BALKRISHNA INDUSTRIES Versus COMMISSIONER OF CENTRAL EXCISE, JAIPUR-I and 2005 (2) TMI 296 - CESTAT, NEW DELHI - TUFTWEEN PETROCHEMICALS Versus COMMISSIONER OF CENTRAL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXCISE, MEERUT If you are eligible for Cenvat Credit then there is no difference between 14% and/or Rs. 15/ltr.. It is just one mode of calculation of duty. The rate of duty be it a mi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xture of ad valorem or volume based nothing to do with cenvat credit unless and until specifically addressed in the Rules. What is excluded form the definition of input is Motor Spirits commo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nly known as petrol not all the motor spirits - Cenvat credit on additional excise duty or Rs.15/ltr - Query Started By: - Yatin Bhopi Dated:- 28-1-2013 Central Excise - Got 1 Reply - Central Excis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e - Discussion Forum - Knowledge Sharing, reply post 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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