Cenvat credit of excise duty
This query is : Open
15 May 2015
Is cenvat credit is admissible of excise duty paid on delivery/shipping/packing & forwarding charges on invoice??
We have purchase a material from manufacturer..
Ass. Value=50000
Shipping charges=1000
Total value=60000
ED@12.5%=7500
I want to know that, we can take credit of excise duty Rs. 7500 or 6250.
Thanks in advance
We have purchase a material from manufacturer..
Ass. Value=50000
Shipping charges=1000
Total value=60000
ED@12.5%=7500
I want to know that, we can take credit of excise duty Rs. 7500 or 6250.
Thanks in advance
16 May 2015
you can take the credit for Rs.7500. since the invoice calculated the ED on assesable value Rs.60000
18 May 2015
Dear Aman Thakur,
Please note that you will be allowed CENVAT credit in respect of inputs which you use for the purpose of further manufacture of excisable goods and in respect of input services which were used for the purpose of manufacture of excisable goods.
Please note that you will be allowed CENVAT credit in respect of inputs which you use for the purpose of further manufacture of excisable goods and in respect of input services which were used for the purpose of manufacture of excisable goods.
19 May 2015
@ CA Nimesh...sir I agree with you...I just want to know that we will take credit of excise duty charged on value including shipping charges. My senior told me to take credit less duty charged on shipping/delivery charges.
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