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Set off furnace oil

This query is : Resolved 
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(Querist)
05 December 2015 Furnace oil is the fuel used ti heat Bituman. Whether the vat paid on furnace oil is available as set off from vat liability.
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Damodaran

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Damodaran (Expert)
05 December 2015 Dear Mr. Jiran,

Input VAT Credit can be availed only when the goods are used as a raw material or consumables, which means the goods should be an ingredient of outcome material.
Therefore, input credit cannot be availed for fuel used for manufacturing/processing of end product.
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