Cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2015
1. We are importing material for which we are paying Import duty in form of BCD, SAD & CVD.
2. Since we are registered under ED, we have a liability to pay for excise on the imported material.
3. The Excise Duty is getting offset against the available credit of SAD and CVD ie the CENVAT.
4. We are selling the material (per unit) to client at Rs. 5000 as accessible value and charging customer at 12.5%Excise Duty. Over this the customer is charged VAT/CST accordingly.
5. We are billing to a customer who is also a manufacturer. Can he take a CENVAT benefit of 12.5% ED.
6. What is the process of the customer taking the benefit of CENVAT/MODVAT on the billing done by us.
2. Since we are registered under ED, we have a liability to pay for excise on the imported material.
3. The Excise Duty is getting offset against the available credit of SAD and CVD ie the CENVAT.
4. We are selling the material (per unit) to client at Rs. 5000 as accessible value and charging customer at 12.5%Excise Duty. Over this the customer is charged VAT/CST accordingly.
5. We are billing to a customer who is also a manufacturer. Can he take a CENVAT benefit of 12.5% ED.
6. What is the process of the customer taking the benefit of CENVAT/MODVAT on the billing done by us.
Arun Kumar Singh
(Expert)
05 August 2015
The manufacturer can take the cenvat credit on the basis of invoice issue by you.
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