21 June 2012
The Cenvat credit is allowed based on the original invoice issued by the manufacturer. The condition is, inputs should have been received before availing the cenvat credit. In those days, only duplicate copy (transporter copy) was meant for availing cenvat credit and later on, the system is changed. In case you face problem, kindly get an affidavit from the lorry people that the cenvat duplicate copy was misplaced and lost in transit.
21 June 2012
CENVAT Rules. It is clearly mentioned that CENVAT CREDIT CAN BE TAKEN ON INVOICE ISSUED BY A MANUFACTURER FROM HIS FACTORY AND NO WHERE IT IS MENTIONED THAT CREDIT CAN BE TAKEN ONLY ON DUPLICATE TRANSPORTER COPY.
However, please refer Circular No. 68/68/94-CX Dated 24-10-1994 on duplicate copy lost in transit.
21 June 2012
ya that is right sir. yesterday i read the rules, but couldnt come to your conclusion that NO WHERE IT IS MENTIONED THAT CREDIT CAN BE TAKEN ONLY ON DUPLICATE FOR TRANSPORTER COPY.
CAclubindia
