Cenvat credit and excise
This query is : Resolved
pravin malviya
(Querist)
03 December 2013
Hello All,
power generating units are exempted from excise duty so how to deal with input tax on capital goods, inputs and input service received by the unit
there is general rule that if final product is exempt then we cannot claim cenvat credit. But i am looking for any notification wrt cenvat credit or refund cenvat credit. So is there any notification?
power generating units are exempted from excise duty so how to deal with input tax on capital goods, inputs and input service received by the unit
there is general rule that if final product is exempt then we cannot claim cenvat credit. But i am looking for any notification wrt cenvat credit or refund cenvat credit. So is there any notification?
Arun Kumar Singh
(Expert)
04 December 2013
If final products are exempt from excise duty then cenvat credit can not be available. If final product is exported then you can take the benefit of input, input services and capital goods.
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