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Cenvat credit

This query is : Resolved 
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(Querist)
27 December 2013 sir what is cenvat credit.... ???
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
02 January 2014 1. When you purchase goods from a manufacturer the buyer-manufacturer charges excise duty in his invoice.

Such excise duty paid on purchase can be availed as CENVAT credit by the buyer-manufacturer.

2. Same is the case with service tax paid.

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