23 January 2014
Hi,
please tell me on which inputs i can take CENVAT Credit?Please tell all inputs
For ex. on which services, service tax input is eligible for Cenvat credut
24 January 2014
The CENVAT credit can be utilised for payment of duty on waste and scrap as waste and scrap are ‘final products’ within the definition given in the Credit Rules.
Raw material used for making packing material CENVAT credit is permissible on the ‘ raw material"