banner_ad

taxation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 May 2009 what is cenvat credit in excise. how it is adjusted.
what is procedure for credit adjustment.
kindly solve my query.
Thanks for viewer.
Profile Image

Bhupesh Panchal

Profile Image

Bhupesh Panchal (Expert)
19 May 2009 Cenvat is the abbreviated form of Central Value Added Tax. Cenvat scheme allows the credit of the duty paid on the inputs and capital goods and service tax paid on input services against the payment of excise duty on final products or service tax on output services to avoid cascading effect of the duty or tax.
Pass on the duty means when one trader who paid the excise duty on the purchase of goods when sale the same goods to a manufacturer then he should pass the duty earlier paid by him on the purchase of goods to the manufacturer. In this case manufacturer is eligible for taking cenvat credit of duty paid. Under the Cenvat Scheme only the first stage dealer and second stage dealer can pass on the cenvat credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details