Captive Consumption under CE rules-Clarification
satya (Executive Excise) (1839 Points)
10 December 2010satya (Executive Excise) (1839 Points)
10 December 2010
CA Prabhat Ranjan
(Article)
(52 Points)
Replied 11 December 2010
As per the Cenvat credit rules we can take credit of the duty levied on input & capital goods as defined in the Excise act.Hence you can take credit for the input used in the manufacturing of the Packed materials subject to rule 6 of cenvat credit rules which restricts the credit of cevat on the exempted FG.