17 October 2012
Can i take credit of CENVAT if i have given rate difference credit to party for particular product eg., if i have sold for Rs. 100 + 12.36% CENVAT = Rs. 112.36 but now given rate difference credit of Rs.10 to party so can i claim Rs. 1.10 CENVAT credit from my duty payable to department ie., my net payable will be RS. 12.36 - 1.10 = Rs. 11.26. Kindly guide me how to proceed? & whats notification no.under which i can claim credit of CENVAT?