Central excise queries

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WE HAVE A REGISTRATION OF CENTRAL EXCISE UNDER CHAPTER / HS CODE 30049011 AND BY VIRTUE OF THE NOTIFICATION NO. 18/2012 CE ( SL.. NO. 19) WE ARE PAYING EXCISE DUTY @ 6%.

MY QUESTION IS THAT

1. AS WE ARE PAYING DUTY AT THE ABOVE CONCESSIONAL RATE 6%,  ARE WE ELIGIBLE TO GET CENVAT CREDIT ?

2. WE HAVE TO PAY SERVICE TAX BY WAY OF PAYMENT TO SEVERAL ADVERTISING AGENCY AROUND 5 LACS P.M. SO ARE WE ALSO ELIGIBLE TO ADJUST THE PAID SERVICE TAX WITH CENTRAL EXCISE PAYMENT ?

PLEASE RELOLVE THE QUERY.

THANKS

Replies (1)

1.  You are eligable to take cenvat credit of duty paid for your input material.

2. you are eligle to take cenvat credit of service tax paid for your services, which also utlilise on payment of duty

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