Cenvat credit
This query is : Resolved
Guest
Guest
(Querist)
06 September 2011
Can a business enterprise erecting new factory avail credit of CENVAT paid on construction material & set off the same against the excise liability when sales from the new factory commences? If yes, what percentage of CENVAT credit be set-off? Please advise.
U S Sharma
(Expert)
07 September 2011
No credit available on inputs when finish goods are not dutiable.
also the input credit on construction materials/services is not admissible.
also the input credit on construction materials/services is not admissible.
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