Cenvat credit
This query is : Resolved
19 September 2012
when electricity generated by using furnace oil and which was used for manufacturing excisable goods and also for residential house, can duty paid on furnace oil available for cenvat credit.
19 September 2012
No
two bars
1) furnace oil is petro product, which is not allowed in CCR 2004
2) electricity the intermediate captive product is not leviable to excise,
so when the goods are not leviable to excise as per CETA, input credit is not allowed.
two bars
1) furnace oil is petro product, which is not allowed in CCR 2004
2) electricity the intermediate captive product is not leviable to excise,
so when the goods are not leviable to excise as per CETA, input credit is not allowed.
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