Cenvat Credit
This query is : Resolved
Shiv om Jindal
(Querist)
23 January 2010
Hello Friends, i have a query regarding accounting of Excise in case of PSU which is mainly a service provider, but also has some manufacturing units. How to account Excise in case Manufacturing unit is transfering/selling to service providing unit. Like in case of BSNL if one of its factory delivers capital goods or goods which will form capital goods to its service providing units and it does not have centralised system for service tax. Is cenvat eligible in this case, than under which rule
Madhukar N Hiregange
(Expert)
29 January 2010
If decentralised registration then an invoice has to be raised on the division for removal of the inputs or capital goods.
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