Partner associate at Hiregange & Associa
1279 Points
Joined November 2009
Mr Sanjeev Kumar,
Cenvat credit eligible to Manufacturers who uses inputs (Raw materials) in manufacturing process and make final product and paying excise duty on such final product.
Further, Cenvat Credit eligible to Service providers who consumes/uses input (raw materials) in providing output service paying service tax.
As per your query, since you will be using those goods for trading, you cannot avail benefit of cenvat credit on input purchased which are used for trading.
Venkatanarayana GM
9620116162