Cenvat credit on foc material
Querist : Anonymous
can we take Cenvat Credit on FOC Material Bill.
Please Cleared my Query...
Querist : Anonymous
Querist : Anonymous
1) Duty must be paid
2) There must be necessary duty paying documents
3) Except in exempted category the inputs must be used in the manufacturing process
I do not see any such provision in the central excise act or cenvate credit rules that only payer of the Cenvatable duty is eligible for claiming CENVAT Credit.
1) Duty must be paid
2) There must be necessary duty paying documents
3) Except in exempted category the inputs must be used in the manufacturing process
I do not see any such provision in the central excise act or cenvate credit rules that only payer of the Cenvatable duty is eligible for claiming CENVAT Credit.
Querist : Anonymous
You have received the material on Invoice, and vendor charged excise Duty on that FOC Material, but they have mentioned on Invoice FOC "Free of Cost", and you have not to pay them against this supplies.
then you can not avail cenvat credit ag.this invoice.
Can you give Section/Rule of Excise or Case Laws which prohibit claiming of CENVAT on FOC ?
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