CA Day celebration 2024 Easy Office
LCI Learning

Cenvat credit


29 January 2013 We are a manufacturing company. Can we avail CENVAT Credit on goods received free of cost?

29 January 2013 The query is not clear in respect of "Goods available free of cost" but If the Company has the bill of that goods and in that bill there is excise duty has been levied than yes, your company can claim Cenvat Credit.

29 January 2013 Provided the product which your Company is manufacturing is not Tax free.


29 January 2013 if other party issue bill and transfer cenvat credit and your final product is not exempt then yes, you can take credit.

07 February 2013 But sir we have not paid any amount to party.
So how we will book this bill and take the credit? Although our final product is dutiable but goods we have received free of cost is Capital Goods.can we take the credit.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query