Lube oil used in Runnign Machinery can we take the cenvat credit . or if we used it to running the DG set what will be the procedure to avial the cenvat credit
Ravi Mathur (Service) (130 Points)
05 August 2010Lube oil used in Runnign Machinery can we take the cenvat credit . or if we used it to running the DG set what will be the procedure to avial the cenvat credit
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 06 August 2010
The defination of "Input" inclused Lubricating oil, so the credit can be taken with a rider that there must be nexus between the input and the final product.
CA. Ritesh Kashyap
(Chartered Accountant)
(54 Points)
Replied 11 August 2010
CENVAT CREDIT OF LUBRICATING OIL IS AVBL AS PER RULE 2(k) OF CCR 2004
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
