CENVAT
This query is : Resolved
12 September 2009
Dear Sir,
We are a manufacturing unit based in Kolkata. Our production has started in the month of September 2006
Reliance Industries, Jamnagar is our main supplier of our raw material-PP Resin. Reliance Industries was an EOU when we started the production.
Reliance has raised the bill on us as follows.
74,600.00 Basic (a)
700.00 Cash Discount (b)
4,850.00 Trade Discount-Location (c)
69,050.00 B + C –A (d)
3,452.50 5% custom Duty on d (e)
72,502.50 d + e (f)
10,150.35 CVD 14% on f (g)
203.01 ECS 2% on CVD g (h)
101.50 S&H ECS @ 1% on CVD g (i)
278.15 ECS (CD) 2% on Total Duty, e+g+h+i (j)
139.07 S&H ECS (CD) 1% on Total Duty, e+g+h+i (k)
286.49 ECS @ 2% on Cenvat, e,g, h, I, j, k, (l)
141.86 S&H ECS @ 1% on Cenvat, e,g, h, i, j, k, (m)
83,802.93 Total (n)
1,676.06 CST @ 2% n (o)
3,832.00 Freight (p)
89,310.99 Invoice Price (COM+Freight) (q)
Kindly inform which are the amounts we could claim as input with Excise
With regards
Lalit
We are a manufacturing unit based in Kolkata. Our production has started in the month of September 2006
Reliance Industries, Jamnagar is our main supplier of our raw material-PP Resin. Reliance Industries was an EOU when we started the production.
Reliance has raised the bill on us as follows.
74,600.00 Basic (a)
700.00 Cash Discount (b)
4,850.00 Trade Discount-Location (c)
69,050.00 B + C –A (d)
3,452.50 5% custom Duty on d (e)
72,502.50 d + e (f)
10,150.35 CVD 14% on f (g)
203.01 ECS 2% on CVD g (h)
101.50 S&H ECS @ 1% on CVD g (i)
278.15 ECS (CD) 2% on Total Duty, e+g+h+i (j)
139.07 S&H ECS (CD) 1% on Total Duty, e+g+h+i (k)
286.49 ECS @ 2% on Cenvat, e,g, h, I, j, k, (l)
141.86 S&H ECS @ 1% on Cenvat, e,g, h, i, j, k, (m)
83,802.93 Total (n)
1,676.06 CST @ 2% n (o)
3,832.00 Freight (p)
89,310.99 Invoice Price (COM+Freight) (q)
Kindly inform which are the amounts we could claim as input with Excise
With regards
Lalit
12 September 2009
You have to take only the CVD Portion.
According to the Rule 3 of 7, Cenvat Credit Rules, 2004.
For More Contact Me on : 09948528139
CH.L.N.SASTRY
According to the Rule 3 of 7, Cenvat Credit Rules, 2004.
For More Contact Me on : 09948528139
CH.L.N.SASTRY
12 September 2009
Dear Mr. Sastry,
Should I could claim only Rs. 10,150.53
Should I could claim only Rs. 10,150.53
12 September 2009
There is an amendment on 7th Sept 2009.
Notification No.22/2009 C.Ex. (NT)
If you take credit now you can take 2%+1% Cess on CVD.
Notification No.22/2009 C.Ex. (NT)
If you take credit now you can take 2%+1% Cess on CVD.
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