CANVAT credit

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..... CANVAT credit
Query (Issue) Started By: - Sanjay Vasava Dated:- 17-9-2016 Last Reply Date:- 20-9-2016 Other Topics
Got 5 Replies
Indian Laws
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 .....

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..... to time. Reply By Sanjay Vasava: The Reply: Thank you sir. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Rule 9 of CENVAT credit does 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, Ban .....

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..... galore-III reported at 2016 (2) TMI 867 - CESTAT BANGALORE = 2016 (331) E.L.T. 475 (Tri. - Bang.) Reply By 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 th .....

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..... e inputs in question, corresponding final products could not have been manufactured by them. The non-availability 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 t .....

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..... he goods.' Thanks.
Discussion Forum - Knowledge Sharing .....

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