Cenvat credit on Material received free of cost/Free replacement

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Cenvat credit on Material received free of cost/Free replacement
Query (Issue) Started By: - SNEHAL SHAH Dated:- 20-11-2013 Last Reply Date:- 21-11-2013 Central Excise
Got 1 Reply
Central Ex .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cise
R/sir, We are received input/Capital material Free of cost & duty involved in this consignment is Rs.40000=00 Approx . We have also received so many consignment ( Imported ) with payment of C .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... VD and additional duty ( Total duty involved 75000=00 ) as a free replacement ( that means we are not sending regected material at outside india but party send material free replacement ) . Now my qu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... estion is that : Is it we can availed cenvat credit on this material which was received under free replacement and free of cost basis ? for take a cenvat credit is it mandatory prepare GRN/Purchase o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rder ? Please guide to us sir , Thanks and regards, SNEHAL SHAH Reply By Sanjay Bhalerao: The Reply: Cenvat credit is available on FOC material received as Cenvat credit is on receipt of Inputs a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd not on payment to supplier. Reg. GRN/Purchase order:- Any means which proves that material is received and used in the factory of manufacture is sufficient. Regarding Material not sent back to s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... upplier:- Attributable Cenvat Credit needs to be reversed in case no manufacturing activity is carried out on such material.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X