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Cenvat credit

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(Querist)
23 July 2014 what is CENVAT CREDIT???
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Vishnu Saboo

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Vishnu Saboo (Expert)
23 July 2014 when u purchases excisable material, they charge excise duty, dealer/manufacturer who are registered under Excise and who are not end user, can avail cenvat credit and can set off the same with output liability.
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