CENVAT CERDIT UNDER ABATEMENT

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..... CENVAT CERDIT UNDER ABATEMENT
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 3-8-2016 Last Reply Date:- 4-8-2016 Central Excise
Got 3 Replies
Central Excise
Our vendor raise ex .....

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..... cise invoice and charged excise with abatement discount @35%. In above case can we avail cenvat credit against the same invoice since material taken as input for our final product which is excisable. .....

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..... Pl. advise. Reply By PAWAN KUMAR: The Reply: Dear Sir, As per my view, the amount of duty which the supplier has charged on their invoice, is eligible as cenvat credit for you. You may claim cenv .....

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..... at credit. Reply By KASTURI SETHI: The Reply: In Central Excise there is no such restriction except notification no.1/11-CE dated 1.3.11 as amended and here is not that case. Such like restriction i .....

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..... s in Service Tax i.e. either avail abatement or Cenvat Credit facility. I endorse the views of Sh.Pawan Kumar, Sir. Reply By Ganeshan Kalyani: The Reply: Yes the credit is eligible.
Discussion .....

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..... Forum - Knowledge Sharing .....

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