CENVAT CREDIT
This query is : Resolved
14 July 2009
IS IT POSSIBLE FOR A MANUFACTURER TO TAKE CENVAT CREDIT AGAINST FOLLOWING CASES ::
(1) When manufacturer purchased excise paid goods from traders against their commercial invoices (only local vat paid) ?
(2) When manufacturer purchased excise paid goods from any Co’s local branch office against their branch commercial invoices (only local vat paid) ?
IF NOT POSSIBLE , THEN HOW WE CAN GET CENVAT CREDIT FROM ABOVE CASES ?
(1) When manufacturer purchased excise paid goods from traders against their commercial invoices (only local vat paid) ?
(2) When manufacturer purchased excise paid goods from any Co’s local branch office against their branch commercial invoices (only local vat paid) ?
IF NOT POSSIBLE , THEN HOW WE CAN GET CENVAT CREDIT FROM ABOVE CASES ?
14 July 2009
TO take CENVAT Credit excise duty should be separately specified separately in invoice
14 July 2009
If the trader is a first stage dealer or second stage dealer and pass on the excise duty paid on such goods to you then only you can claim the CENVAT credit otherwise you cannot claim. Further, pls note that you can claim excise duty only on excise invoice. In this regard, the assessee (or first state or second stage dealer) registered under Central excise Act, 1944 can pass on the excise duty paid on any goods procured.
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