cenvat credit


17 October 2016 suppose I purchase goods for RS.50 lac and pay excise duty of RS.625000. Goods of value of RS.10 lac are still in my factory. then whether I can take CR. of RS.625000 or RS.500000. whether the answer will remain same I'm vat. Also tell me what is one to one correlation Plz reply plz reply .

17 October 2016 Please draft proper query....

18 October 2016 what should I clear to u


30 November 2016 You can take the 100 percent credit.

30 November 2016 if such goods have some connections with manufacturing of final product then the entire Duty paid on it will be eligible for credit. As per CCR rules you can book credit on receipt of such goods in your premises.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries