DEAR ALL
WE ARE MANUFACTURING OF EXCISABLE GOODS, WE ARE PURCHASE OF LUBRICANT OIL FOR MANUFACTURING PURPOSE, AND SUPPARING EXCISE DUTY ON LUBRICATN OIL PURCHASE, THIS EXCISE DUTY CREDIT ELIGABLE OR WHAT?
PLEASE CLSRIFY .
Murthy B.C (Excise Officer) (141 Points)
04 June 2010DEAR ALL
WE ARE MANUFACTURING OF EXCISABLE GOODS, WE ARE PURCHASE OF LUBRICANT OIL FOR MANUFACTURING PURPOSE, AND SUPPARING EXCISE DUTY ON LUBRICATN OIL PURCHASE, THIS EXCISE DUTY CREDIT ELIGABLE OR WHAT?
PLEASE CLSRIFY .
jigar
(Finance Analyst)
(50 Points)
Replied 04 June 2010
Hi,
As per defination of Input 2(k) of Cenvat Credit rules 2004 it specifically includes Lubricating oils.
Hence you can take Cenvat credit for the same.
Ajay Raghatate
(Sr Executive (Excise & Accounts))
(736 Points)
Replied 07 July 2010
yes, you can avail cenvat credit on Oils, & greases which are used in production
srinath
(Article trainee)
(1433 Points)
Replied 08 July 2010
There are two points here which is to be noted.
1. input is something which is used in or in relation to manaufacture. it need not be present in the output that is manufactured. for example consumables. though they are used in manufacture u cannot identify this in the manufactured goods
2. the definition input (rule 2(k)) specifically includes the word lubircants
considering the above aspects, cenvat credit can be claimed on the lubircants
hope this clarifies
Neeta Datta
(Accounts )
(60 Points)
Replied 28 May 2016
we are lubricant manufacturing co. and plan to import from outside India, Pls. let me know the custom duty and how much % of modvat we can claim for refund.
Also let me explain the procedure for getting refund of custom duty paid
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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