24 April 2009
Dear Sir In a manufacturing concern LPG is used as a consumable stores used for welding. Can we take cenvat credit of excise on the LPG as LPG is specifically excluded for taking input tax credit under vat rules. is it not allowed under excise laws also?? I think excise in my case is allowed am i right sir?? Please advice
24 April 2009
Under central excise the cenvat credit only on deisel/ petrol is excluded. I do not see asny exclusion for LPG. Credit is certainly available. Please see the defintion of input under cenvat credit rules 2004.
CAclubindia
