Cen vat credit

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Anandakrishnan V, Chengannur (Querist)
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17 January 2014 Dear Experts,

1) Let I know please, applicability of SSI unit for availing CentVat Credit, if they are availing benefit under notification number 8/ 2003 ?

2) If one unit have clearing goods at exempted rate say 6% + Cess, is this unit eligible for availing Cenvat credit?

3) If one unit producing branded goods. But clearance below the limit of 150 Lakhs per annum. Is this unit eligible for availing benefit under notification 8/2003?. If yes what is Specified goods in connection with same?

I sincerely wait for your valuable replay.

Contact details Krishnan.anantha1@gmail.com / Mob 9048896845

Arun Kumar Singh

Arun Kumar Singh (Expert)
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17 January 2014 1. SSI unit will pay the duty on final product then they can avail the cenvat credit.
2. If you are paying the duty on exempted goods then you can avail the cenvat credit under rule 6(3) of cenvat credit rules 2004.
3. No need to registered with excise if turnover is below 1.5cr.