cenvat credit-very urgent
This query is : Resolved
30 January 2011
Hi All
I have a doubt.suppose a company is manufacturing an oxyzen and nitrozen for which no raw material is required except air.if we purchase indiginous goods for repairs of plant etc whether the cenvat credit on excise duty paid on such purchases is eligible?
I have a doubt.suppose a company is manufacturing an oxyzen and nitrozen for which no raw material is required except air.if we purchase indiginous goods for repairs of plant etc whether the cenvat credit on excise duty paid on such purchases is eligible?
Ram Avtar Singh
(Expert)
30 January 2011
if you are paying excise duty on finished good you can take input credit of excise duty.
tarun goel
(Expert)
30 January 2011
yes, Ram Avtarji is correct.
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