Sir,
we are manufacturer of Tyres & We have purchase of Lube oil for DG set . My question is that should we availed CENVAT credit on Lube oil & Greese
Kindly explain on CENVAT credit ruels 2004.
Amit Shah
1 Replies
satya
(Executive Excise)
(1839 Points)
Replied 17 October 2012
as per CCR 2004, Input definition is
"INPUT" means-
all goods used in the factory by the Manufacturer of the Final Product; are eligible for Cenvat Credit except
LSD, HSD, Petrol, Civil consturction of building or a Civil structure or a part thereof;
laying of foundation or making of structures for support of capital goods.
Lubricants such as OILs, Greases are eligible for Cenvat Credit.
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