Formula for Availing Cenvat Credit in case of 100% EOU - DTA

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2010 Dear Expets,
If the 100% EOU pays the Excise Duty under rule 8 of C.Exc rule 2002 than formula for calculating Excise Duty is applicable or not?

If no than can we avail full Cenvat Credit mentioned on Excise Invoice of 100% EOU?
(In this case We are DTA & material (Inputs) supplied by 100% EOU)

Pl suggest.

Arbind Aggarwal

Arbind Aggarwal (Expert)
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18 June 2010 Cenvat credit is allowed to be taken of that amount which is equal to the amount of CVD and SAD plus the cesses.