Cenvat credit
This query is : Resolved
Palak Nandi
(Querist)
20 June 2014
If a manufacturer purchases some duty paid raw material during the year and keeps it in stock only without any processing or manufacturing then in the excise return is it required to state any CENVAT (tax paid on raw material purchase)? In such case NIL return is required or any particulars are required to be stated?
Arun Kumar Singh
(Expert)
21 June 2014
When you will start the payment of duty on final product then at that time you will take the cenvat credit on closing stock.
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