A manufacturer -assessee has two factories -Factory A, where production of intermediate goods takes place and Factory B, where such intermediate goods are processed into final products. Both intermediate & final products being Excisable products in their own right.
Now, I believe as the output of factory A has to be cleared to factory B for further treatment, excise duty would be payable on the same.
My query is whether such assessee can avail & utilize Cenvat Credit on Capital goods, inputs & input services used in factory A for purpose of payment of duty on such intermediate goods, being cleared to Factory B?
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