CANVAT credit

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..... Dear Sir, Is GRN is mandatory for taken CANVAT Credit?? Thanks Regards, Sanjay Vasava - Reply By YAGAY AND SUN - The Reply = No it is not mandatory. There is no mention about this document in the CENVAT Credit Rules, 2004 as amended from time to time. - Reply By Sanjay Vasava - The Reply = Thank you sir. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Rule 9 of CENVAT credit does .....

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..... not include GRN as a document for taking and utilizing CENVAT credit. - Reply By MADAN RAHEJA - The Reply = Dear Sir, In addition to legal position explained above, you can also rely on a decision of Tribunal in the case of Veer-O-Metals Pvt. Ltd. Versus CCE, Bangalore-III reported at 2016 (2) TMI 867 - CESTAT BANGALORE = 2016 (331) E.L.T. 475 (Tri. - Bang.) - Reply By .....

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..... Ganeshan Kalyani - The Reply = Dear Sanjay Vasava Ji, The extract from the case law cited by expert is, ' The appellants have recorded the invoices, inputs along the available CENVAT credit in their statutory records. Also find force in the appellants contention that in the absence of the inputs in question, corresponding final products could not have been manufactured by them. The non-av .....

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..... ailability of the said documents which are not even the prescribed documents in terms of the CENVAT Credit Rules and the purpose of which is only to show the receipt of the materials at the factory gate, cannot be held to be conclusive evidence so as to arrive at a finding of the non-receipt of the goods.' Thanks. - CANVAT credit - Query Started By: - Sanjay Vasava Dated:- 17-9-2016 Other .....

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..... Topics - Got 5 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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