Availment of cenvat credit for non-dutable and dutable goods
This query is : Resolved
12 April 2013
Dear Sir,
We are Manufacturer of Excise Dutable and Non-Dutable products, please let me know the rules and cenvat availment procedure and calculation method of Eligable CENVAT and Non-Eligable CENVAT for availling and utilisation of credit.
Regards,
HN Manjunatha
We are Manufacturer of Excise Dutable and Non-Dutable products, please let me know the rules and cenvat availment procedure and calculation method of Eligable CENVAT and Non-Eligable CENVAT for availling and utilisation of credit.
Regards,
HN Manjunatha
13 April 2013
you can avail cenvat credit only your final product are dutiable. in your case as per cenvat credit rule (6) you are required to maintain separate Account for Input which are used to manufacturing dutiable Goods and non dutiable goods . if not possible than you can pay 5% excise duty on non dutiable goods and avail cenvat credit
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