15 May 2015
Is cenvat credit is admissible of excise duty paid on delivery/shipping/packing & forwarding charges on invoice?? We have purchase a material from manufacturer.. Ass. Value=50000 Shipping charges=1000 Total value=60000 ED@12.5%=7500
I want to know that, we can take credit of excise duty Rs. 7500 or 6250.
Please note that you will be allowed CENVAT credit in respect of inputs which you use for the purpose of further manufacture of excisable goods and in respect of input services which were used for the purpose of manufacture of excisable goods.
19 May 2015
@ CA Nimesh...sir I agree with you...I just want to know that we will take credit of excise duty charged on value including shipping charges. My senior told me to take credit less duty charged on shipping/delivery charges.
CAclubindia
