Eligible Duty / Taxes - Utilization - Removal as such - Write off - reversal - Cenvat Credit Rules, 2004

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..... tindia.com Reply What type of duties or taxes is eligible for Cenvat Credit? Rule 3(1) of CCR, 2004 allows various types of duties, taxes or cess including CVD / SAD that can be availed on Inputs, Input services or Capital Goods by the Manufacturer or Provider of Output services. Rule 3(2) and (3) of CCR, 2004 allows credit on .....

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..... er , if inputs / capital goods are removed outside for providing the output services - In case of manufacturer, if inputs are removed for providing free warranty for final products. Rule 3(5A) of CCR, 2004 makes provisions for payment of amount on removal of capital goods after use after deducting depreciation at certain percentage. Rule 3(5B) of CCR, 2004 makes provision .....

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..... ce there is no such restriction in Cenvat credit rules. There is no provision for segregation of input services in terms of utilised in manufacturer or to output service. Also there is no provision in Cenvat credit rules for segregation of Cenvat credit for payment of excise duty and for payment of service tax. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary .....

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