Cenvat credit

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..... Cenvat credit
Query (Issue) Started By: - gopal rao Dated:- 8-10-2015 Last Reply Date:- 10-10-2015 Central Excise
Got 2 Replies
Central Excise
Dear sir,We are manufacturers.the Raw materi .....

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..... al which is used for FG is selling local as well as exports.shall I take full credit of cenvat or proportionately on my inputs.Pls advise. Reply By Rajagopalan Ranganathan: The Reply: Sir, You can t .....

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..... ake the full duty paid on inputs as credit which is used in the manufacture of FG. There is no question of taking proportionate credit. The credit of duty paid on inputs used in the manufacture of FG .....

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..... which is exported can be utilized for payment of duty on FG sold locally. If it is not possible then you can claim the refund of the same under rule 5 of Cenvat Credit Rules, 2004. Reply By Mahir S: .....

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..... The Reply: Yes, you can avail total cenvat credit, as discussed above.
Discussion Forum - Knowledge Sharing .....

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