18 April 2010
Dear Sir, Our company is a manufacturer (100% EOU) of leather folders and material sold to London. Final product is duty exempted (Nil Taxable). My question is - can we take the credit of input material invoices ? If yes what is the procedure of claim to department.
19 April 2010
EOU are entitled to Cenvat credit – EOU units have been allowed to avail Cenvat credit w.e.f. 6-9-2004, by amending rule 17(1) of Central Excise Rules – confirmed in CBE&C Circular Nos. 799/32/2004-CX dated 23-9-2004 and 54/2004-Cus dated 13-10-2004.
CAclubindia
