Cenvat on Purchase Trading
This query is : Resolved
29 June 2011
Dear all,
Can Cenvat of Excise duty paid on Goods purchased for Trading be claimed against Excise Duty Payable on Manufacturing Goods ??
The assessee also has trading activity alongwith Manufacturing business.
Can Cenvat of Excise duty paid on Goods purchased for Trading be claimed against Excise Duty Payable on Manufacturing Goods ??
The assessee also has trading activity alongwith Manufacturing business.
30 June 2011
no
trading goods are not qualified as inputs for manufacture.
trading goods are not qualified as inputs for manufacture.
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