Cenvat credit

This query is : Resolved

Mayur (Querist)
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12 September 2014 Sir Good Afternoon ,

My Query regarding Excise - Ginning business not comes under production or manufacturing for applicability of excise however cotton seed oil comes under excise. then if i have both business ginning and oil extraction at same place in a single premises and i have purchased an machine for ginning purpose so can i take cenvat credit of the same against excise payable on oil , and note that oil plant is totally depended on the ginning for its raw material i.e cotton seeds

Thanks in advance

Arun Kumar Singh

Arun Kumar Singh (Expert)
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12 September 2014 You can take the cenvat credit on input, input services and capital goods but all the input should be used in the manufacturing of final product and duty should be paid on final product.