Cenvat credit
This query is : Resolved
13 August 2011
SIR,
WE ARE PURCHASING RAW MATERIALS BUT RECEIVING INVOICE DUTY INCLUDING AMOUNT. MAY WE TAKE CREDIT THE DUTY PAID BY EXCLUDE FROM THE VALUE?
WE ARE PURCHASING RAW MATERIALS BUT RECEIVING INVOICE DUTY INCLUDING AMOUNT. MAY WE TAKE CREDIT THE DUTY PAID BY EXCLUDE FROM THE VALUE?
13 August 2011
whether it is purchased from Manufacturer or Dealer Pls confirm
13 August 2011
if you receive goods under cover of "cenvatable invoice" then surely you can do it, in absence of such invoice, its not possible to either take cenvat credit, or to bifurcate the duty amount from purchase.
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