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Trading goods:

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(Querist)
02 June 2008 if a manufacturer manugacture one excisable good called "A" and he also trade in one good called "B".

how a manufacture take credit of input goods as well as input services as some portion of both are use in trading of goods "B".
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
06 June 2008 cenvat credit is available only if input/input service is used for manufacturing or providing output service.

if u use any of these for traded goods, i believe u can't claim cenvat credit on that quantity or value. in that case, u shud take credit of quantity used in manufacturing or providing output service only.
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