Trading goods:

This query is : Resolved

anupam (Querist)
Follow

02 June 2008 if a manufacturer manugacture one excisable good called "A" and he also trade in one good called "B".

how a manufacture take credit of input goods as well as input services as some portion of both are use in trading of goods "B".

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
Follow

06 June 2008 cenvat credit is available only if input/input service is used for manufacturing or providing output service.

if u use any of these for traded goods, i believe u can't claim cenvat credit on that quantity or value. in that case, u shud take credit of quantity used in manufacturing or providing output service only.