cenvat credit

If the input service namely supply of tangible goods has nexus with the out put service namely cargo handling service, same qualifies for cenvat credit.
 

Cenvat credit rules do not require one to one relationship [ Rule 3(1) read with 3(4) of Cenvat Credit Rules] Entire cenvat credit is common pool which can be utilised for payment for any eligible duty, service tax or amount.. So, Cenvat credit can be taken..

Under cenvat credit scheme, availment of credit and utilisation of credit are different aspects. For availing cenvat credit , the service shall qualify as input service as per the definition.The service shall have nexus with providing of  ouput service or manufacture of excisale goods . Once credit is admitted having fulfilled this condition then for utilisation there is no one to one correlation between the inputservice and ouput service/manufacture of goods.

Originally posted by : CA Unnikrishnan Nair N
	Under cenvat credit scheme, availment of credit and utilisation of credit are different aspects. For availing cenvat credit , the service shall qualify as input service as per the definition.The service shall have nexus with providing of  ouput service or manufacture of excisale goods . Once credit is admitted having fulfilled this condition then for utilisation there is no one to one correlation between the inputservice and ouput service/manufacture of goods.

Yes, agree with you sir..