Cenvat credit

This query is : Resolved

prashant (Querist)
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08 June 2011 Sir,
I've received a DFT copy from a vendor to avail cenvat credit against engineering material.

But the supplier is charged the excise duty on goods value + local transportation charges.

Plz. suggest whether we can avail credit on same

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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08 June 2011 Is it an invoice. If so and the same is an input and then the same would be available as credit.

prashant

prashant (Querist)
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08 June 2011 Yes Ir, it a invoice to avail credit.

For Example

Goods Value - 100000
Transportation - 20000
Total - 120000
Excise Duty - 12360

So, should we avail 12360 or 10300

Plz. reply & under which rule it is acceptable.

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U S Sharma

U S Sharma (Expert)
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18 June 2011 as the invoice is produced on door delivery terms, so the "fixed traportation" is part of assessable value, hence input credit is available as per invoice 100%