Input credit on mrp based final products
This query is : Resolved
Querist : Anonymous
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
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
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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