We are an SSI Unit registered under CE and have turnover over 1.5 Crores.
We supply our products on order basis and we do local sale, direct export, export through merchant-exporter against CT-1 and also we receive 43/2001 Annexure-I against which we make local sale without chargng excise duty on the bill. The annexure-I we receive from a manufacturer of ships, who uses our final product for installation and fitting in the ship. And they further export their ships.
My question is whether we are entitled to avail cenvat credit from the material input we have purchased? We pay to our raw material supplier the excise duty he charges in his bill. Can we avail that against another local sale where we charge Excise duty?
What are the rules applicable in this case for us?
Please guide. Thanks.