CENVAT CREDIT on goods procured from EOU

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vijaya kumar (Querist)

02 May 2011 Please clarify,
Amount of Cenvat credit eligible in case the supplier EOU clears / assess goods without availing exemption under S.No. (2) of Notification No. 23/2003-CE.

(PS. Rule 3(7) of CCR,2004 prescribes admissible Cenvat credit in respect of goods cleared under S.No. (2) of Notification No. 23/2003-CE. only )

thanks & regards,

vijaya kumar

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

02 May 2011 please noted in respect of inputs / capital goods procured from EOU unit, Cenvat credit is available equal to CVD and special CVD paid and education cess and SAH education cess w.e.f. 7-9-2009 (earlier, it was allowable as per a complicated formula) – Rule 3(7)(a) of Cenvat Credit Rules.

vijaya kumar

vijaya kumar (Querist)

06 May 2011 Rule 3(7)(a) is applicable in case the supplier EOU clears goods under S.No. (2) of Notification No. 23/2003-CE. Whereas i am referring to cases where the supplier EOU clears / assess goods WITHOUT availing exemption under S.No. (2) of Notification No. 23/2003-CE

please clarify.

thanks & regards,

vijaya kumar

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