Regarding eligibility for availment of cenvat credit
This query is : Resolved
12 May 2013
My client is a manufacturing concern and he pays Service Tax @ 3.60% on Rail Freight for purchasing Raw material on transportation.
The client also pays excise duty on his Finished Goods. Is the credit of Service Tax paid on Rail freight eligible for Cenvat Credit against Excise duty payable on Finished Goods manufactured in factory?
The client also pays excise duty on his Finished Goods. Is the credit of Service Tax paid on Rail freight eligible for Cenvat Credit against Excise duty payable on Finished Goods manufactured in factory?
13 May 2013
My client is a manufacturing concern and he pays Service Tax @ 3.60% on Rail Freight for purchasing Raw material on transportation. The client also pays excise duty on his Finished Goods. Is the credit of Service Tax paid on Rail freight eligible for Cenvat Credit against Excise duty payable on Finished Goods manufactured in factory?
13 May 2013
allowed, only if the material falls wihtin the definition of 'input' under rule 2(a) of ccr.
because as per rule 2(l) of ccr credit of input service is allowed of following-
Inward transportation of INPUT and outward transportation upto te place of removal
because as per rule 2(l) of ccr credit of input service is allowed of following-
Inward transportation of INPUT and outward transportation upto te place of removal
13 May 2013
Is credit also available if raw material is purchased through first stage dealer.
The first stage dealer has not taken credit of such duty.
The first stage dealer has not taken credit of such duty.
13 May 2013
allowed if you paid the duty..
14 May 2013
Thanks vikas ji
27 June 2013
Yes I agree with the expert
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