Input tax credit of stock caught fired
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2013
CAN WE GET input tax credit of STOCK caught fired in vat
13 April 2013
1.Normally inputs are lost before being used in the production then - NO CENVAT
2.Inputs are destroyed by fire during the process- Cenvat can be taken.
2.Inputs are destroyed by fire during the process- Cenvat can be taken.
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