Intermediate product is non dutiable, final product is dutia
satya (Executive Excise) (1839 Points)
03 April 2012
4 Replies
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 04 April 2012
as far as i know.... cenvat is not to be denied on the inputs used in intermediate product of a final product even if such intermediate product is exempted from duty.........
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 04 April 2012
Cenvat credit should not be denied if the inputs are used in any intermediate of final product, even if such intermediate product is exempt from payment of duty. Cenvat credit is available so long as the inputs are used in or in relation to manufacture of final produt, and whether directly or indirectly (CBE&C Circular No. B4/7/2000-TRU dated 3.4.2000 clarified vide para 5).
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 04 April 2012
The definition for 'Input" under Rule 2 (k) itself is very clear for that . input means
(iii) all goods used for generation of electricity or steam for captive use,"
So that CENVAT Credit is eligible for input used for generation of power, ie (Coal)
satya
(Executive Excise)
(1839 Points)
Replied 07 April 2012
Thanks alot, Mr.Ramesh, Arun Kumar and Sunil Kumar Ji,
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