Excise duty on cement and cenvat credit
manoj (Service) (313 Points)
15 April 2013
What is the rate of Excise duty on cement and cenvat credit available there on.
Janani Subramanian
(Employed)
(151 Points)
Replied 15 April 2013
Cement can be treated as an input under definition 2(k) of the Cenvat Credit rules 2004 so Cenvat Credit can be claimed against the Excise duty paid on cement. However where the cement is used for any capital asset or construction of building or laying of any foundation it cannot be treated as an input and cenvat cresit cannot be claimed. In short cement should be used for the production of dutibale goods.The prevalent Excise duty is 12.36%.
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