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Input tax credit of stock caught fired

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2013 CAN WE GET input tax credit of STOCK caught fired in vat
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
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.

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