Proviso to sec3(1) of excise act 1944 and cenvat credit.
This query is : Resolved
CA PARTH SHAH
(Querist)
10 August 2011
Hello
i have a query that when a unit in 100% EOU pay duty under proviso. To sec 3(1) then whether purchaser will get cenvat credit on it?.
i have a query that when a unit in 100% EOU pay duty under proviso. To sec 3(1) then whether purchaser will get cenvat credit on it?.
CMA. Murali
(Expert)
10 August 2011
In respect of inputs / capital goods procured from EOU unit, Cenvat credit is available equal to CVD and special CVD paid and education cess and SAH education cess w.e.f. 7-9-2009 (earlier, it was allowable as per a complicated formula) – Rule 3(7)(a) of Cenvat Credit Rules
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