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TMI Blogcenvat credit can be taken on purchasing coalX X X X Extracts X X X X X X X X Extracts X X X X ..... dear experts, we are manufacturer of specialty chemicals all dutiable finished goods... we are using coal in our boiler , so can we take cenvat credit on coal ? pls. clarify.. regards, manan - Reply By KASTURI SETHI - The Reply = Dear Sh.Pandya Ji, Pl. go through Notification Nos. 1/11-CE dated 1.3.11 (serial No.28) as amended vide Notification No.16/12-CE dated 17.3.12 and Notifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cation No.12/12-CE dated 17.3.12 in this context. - Reply By manan pandya - The Reply = thank you sir for your valuable reply. sir ,if it is possible pls. clear of my issue id 110382 still nobody replied ... regards, Manan - Reply By KASTURI SETHI - The Reply = Dear Sh.Pandya Ji, Have you studied both notifications carefully or not ? - Reply By KASTURI SETH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - The Reply = Sh.Pandya Ji, What is the rate of Central Excise duty mentioned on invoice for purchase of coal ? - Reply By KASTURI SETHI - The Reply = Dear Sh.Manan Ji, Issue ID 110382 pertains to Income Tax. I do not deal with Income Tax.Out of those experts who are active in this forum, Sh.Ganeshan Kalyani, Sir is expert in Income Tax and all other fields. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By manan pandya - The Reply = sir, i tried to understand those notification suggested by you, in that not.1/11-CE dated 1.3.11 (serial No.28) , it was eligible to take credit and Notification No. 16/2012 -Central Excise it was ommited sr.no. 28. Notification No. 12 /2012-Central Excise , it mentioned 1% if no credit has been taken on input. so basically it describes that we can& ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... #39;t take credit of coal .. still i don't know the rate of central excise duty but party would passed on duty .. sir , pls. clarify , whatever i understand is correct , if wrong pls. explain. regards, manan - Reply By KASTURI SETHI - The Reply = Dear Manan Pandya Ji, In Notification No.1/11-CE , Concessional rate of duty 1% is available with the condition that no credit wil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be available. And in 16/12-CE, concessional rate of duty has been increased to 2%. Condition is same. In Notification No.12/12-CE , also no credit is available. In other words, if your supplier issues invoice bearing concessional rate of duty in respect of coal, you cannot take credit. - Reply By manan pandya - The Reply = thank you very much sir, i am really thankful to you.. i am t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otally satisfied from this answer.. regards, Manan - cenvat credit can be taken on purchasing coal - Query Started By: - manan pandya Dated:- 24-5-2016 Central Excise - Got 8 Replies - Central Excise - 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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