Can organisation take credit of excise duty paid on purchase of goods for Research and Development. Please give provisions or case study.
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Cenvat credit of excise duty on goods purchase for Research and Development
Replies (2)
Inputs used in Research and Development / Trial production are eligible for Cenvat credit.
Yes , cenvat credit is admissible.. there is no specific provision but there is well known case I.e FLEX ENGINEERING LTD-2013-SC
Thanks
Karan
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