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VAT CREDIT IN VAT EXEMPTED UNIT

This query is : Resolved 
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(Querist)
24 March 2010 Our Product is exepted from VAT & we are selling our products to both domestic & international markets. I would like ask that should our organization take the credit of VAT on Input of Material? Is it refundable in portion of EXPORTED material? give me the reference for such proviso..
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CA Vijay Kumar Gupta

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CA Vijay Kumar Gupta (Expert)
24 March 2010 NO,BECAUSE YOUR PRODUCT IS TAX FREE.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
24 March 2010 agree with expert
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