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Input credit on mrp based final products

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2014 Dear Sir,

My final product is covered under section 4A (MRP Based) and I am availing abatment for Output Excise Duty, can I avail Input Credit on raw material used for Final Products?

As per my view while availing abatment, we can not take any input credit on Raw Material

Thank you very much

Your's sincere
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
23 July 2014 You can take the cenvat credit but depend upon the classification of goods. You should consult with any professional.

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