cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2009
Whether Iron plates used for machinery repair purpose as captive consumption. What percentage of input credit will avail . whether we can take 50% credit input (or) full input. please help me with provision of central excise rules. How can we shown captive consumption details in ER-1 returns
09 December 2009
You should estimate the value of such plates used and raise an invoice on self with nil duty mentioning Not.67/95. Full credit shouldbe admissible as the machinery is used for manufacture of excisable goods.
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