Formula for Availing Cenvat Credit in case of 100% EOU - DTA
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2010
Dear Expets,
If the 100% EOU pays the Excise Duty under rule 8 of C.Exc rule 2002 than formula for calculating Excise Duty is applicable or not?
If no than can we avail full Cenvat Credit mentioned on Excise Invoice of 100% EOU?
(In this case We are DTA & material (Inputs) supplied by 100% EOU)
Pl suggest.
If the 100% EOU pays the Excise Duty under rule 8 of C.Exc rule 2002 than formula for calculating Excise Duty is applicable or not?
If no than can we avail full Cenvat Credit mentioned on Excise Invoice of 100% EOU?
(In this case We are DTA & material (Inputs) supplied by 100% EOU)
Pl suggest.
Arbind Aggarwal
(Expert)
18 June 2010
Cenvat credit is allowed to be taken of that amount which is equal to the amount of CVD and SAD plus the cesses.
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