30 January 2016
There are 5 parties are involved in a business, say A to E. (all are registred in Excise) imports the goods and sale goods to B by charging CVD, Adl Duty. Now B sale to C, C to D and D to E who is a manufacturer. Now the question is how Cenvat will be passed and whether E will get Cenvat credit setoff ?
13 February 2016
E will not get credit. However it is advisable that availing cenvat in such situation should be taken after discussing full facts and obtaining opinion from expert
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