Cenvat when there is a price reduction .
This query is : Resolved
12 August 2008
Plz help on following giving reference of relevant sec/Rule /case law.
Original purchase price is 100 excise duty paid/cenvat availed on 100 Rs .
Subsequently price finalized with seller and final price is 80 .Now the seller is giving credit note for price difference i.e 20 Rs and not for excise component .
Can we claim cenvat on duty paid on 100 Rs.??
Original purchase price is 100 excise duty paid/cenvat availed on 100 Rs .
Subsequently price finalized with seller and final price is 80 .Now the seller is giving credit note for price difference i.e 20 Rs and not for excise component .
Can we claim cenvat on duty paid on 100 Rs.??
13 August 2008
You can. If the seller has paid the duty on Rs 100.
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