Credit on input material (for 100% EOU)
This query is : Resolved
Rajendra Ahire
(Querist)
18 April 2010
Dear Sir,
Our company is a manufacturer (100% EOU) of leather folders and material sold to London.
Final product is duty exempted (Nil Taxable). My question is - can we take the credit of input material invoices ?
If yes what is the procedure of claim to department.
Please suggest me in short.
Thanks in advance
Regards,
Rajendra Ahire
Our company is a manufacturer (100% EOU) of leather folders and material sold to London.
Final product is duty exempted (Nil Taxable). My question is - can we take the credit of input material invoices ?
If yes what is the procedure of claim to department.
Please suggest me in short.
Thanks in advance
Regards,
Rajendra Ahire
Ram Avtar Singh
(Expert)
19 April 2010
EOU are entitled to Cenvat credit – EOU units have been allowed to avail Cenvat credit w.e.f. 6-9-2004, by amending rule 17(1) of Central Excise Rules – confirmed in CBE&C Circular Nos. 799/32/2004-CX dated 23-9-2004 and 54/2004-Cus dated 13-10-2004.
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