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Excise duty on power used for captive consumption

This query is : Resolved 
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(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?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
08 January 2011 As per my understanding, Excise duty is not applicable on Power.
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S.P.Mahanta

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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.
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