Cenvat credit
This query is : Open
29 January 2013
We are a manufacturing company. Can we avail CENVAT Credit on goods received free of cost?
29 January 2013
The query is not clear in respect of "Goods available free of cost" but If the Company has the bill of that goods and in that bill there is excise duty has been levied than yes, your company can claim Cenvat Credit.
29 January 2013
Provided the product which your Company is manufacturing is not Tax free.
29 January 2013
if other party issue bill and transfer cenvat credit and your final product is not exempt then yes, you can take credit.
07 February 2013
But sir we have not paid any amount to party.
So how we will book this bill and take the credit? Although our final product is dutiable but goods we have received free of cost is Capital Goods.can we take the credit.
So how we will book this bill and take the credit? Although our final product is dutiable but goods we have received free of cost is Capital Goods.can we take the credit.
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