Credit on input material (for 100% EOU)
This query is : Resolved
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
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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