Excise duty on power used for captive consumption
This query is : Resolved
SUBIR KUMAR DAS
(Querist)
08 January 2011
Dear Sir/Madam
My questions are:
01.Is power used for captive consumption liable to excise duty?
02.Can we avail cenvat credit if 80% power used for captive consumption and 20% sold to outside party?
03.What are required documents to be maintained for the above two purposes?
My questions are:
01.Is power used for captive consumption liable to excise duty?
02.Can we avail cenvat credit if 80% power used for captive consumption and 20% sold to outside party?
03.What are required documents to be maintained for the above two purposes?
08 January 2011
As per my understanding, Excise duty is not applicable on Power.
S.P.Mahanta
(Expert)
07 July 2011
No excise duty applicable on electricity generated & used for captive consumption
Cenvat credit to the extent 80% available & balance 20% to be reversed if already availed.
Records on inputs, capital goods & input services for power generation, cenvat credit availed,power units generated, units consumed capitively & units sold to outside party to be maintained. Cenvat credit to be availed only on inputs, capital goods & input services used in captive consumption.
Cenvat credit to the extent 80% available & balance 20% to be reversed if already availed.
Records on inputs, capital goods & input services for power generation, cenvat credit availed,power units generated, units consumed capitively & units sold to outside party to be maintained. Cenvat credit to be availed only on inputs, capital goods & input services used in captive consumption.
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