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Cenvat credit

This query is : Resolved 
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(Querist)
16 October 2015 Urgent''''

Dear Sir

Please solve My Proble.

I am Working in a company.

Company Regester in Service Tax . Not In Excise, My Company Receive a bill of 19,00,000/- From Reliance Industries. BED on Bill Is Rs:-2,11,111, Can i Claim Excise Duty Input for service tax Adjustment.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 October 2015 If it is a capital asset utilized for providing out put service you can claim 50% during the year.
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CHANDAN

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CHANDAN (Querist)
17 October 2015 No we purchase material for trading of goods.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
17 October 2015 yes it can be used in mah view.. stil wait for more expert comments
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 October 2015 You can't avail cenvat credit on material purchased for trading.
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CHANDAN

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CHANDAN (Querist)
29 October 2015 Please give me more suggestions.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 October 2015 See cenvat credit rules.
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