Cenvat under sponsorship service

jyoti (article assistance) (61 Points)

06 December 2012  

 

 

Dear Sir,
 
I want to know about some cenvat credit issue as follow, please guide me.
 
If Mr. X, a manufacturer, sponsor a event then service tax will be paid by Mr. X 100%,under reverse charge then can he take that service tax credit against excise on manufacturing.
 
If there is any law governing behind it then please let me about it.
 
Thanking you.