prasanth (student) (86 Points)
13 July 2010if a construction/infra company uses inputs(like., cement, steel and others} for construction of a bridge, and sale some steel and other componants as scrap{at the end of the year}, then can we take cenvat credit {which paid on inputs} against duty payable on sale of scrap?
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 15 July 2010
Since construction of bridge is not a manufacturing activity, so you can not take any credit on inputs and you are also not required to pay duty on the scrap.
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