CENVAT CREDIT OF GODOWN

778 views 1 replies

If we store excisable raw material in hired  godown which is out of factory. Is there is any rule of excise to take cenvat credit of that RM.  

Please reply...

 

Regards,

Sushil.

Replies (1)

I think You cannot take credit in such case... There is Provision in Rule 8 of Cenvat Credit Rules, by which If we get permission of Divisional AC/DC, he may allow us to store Inputs outside the factory and in that case we can take credit of such inputs....


Anyways, Whenever such raw material enters your factory for processing/production, book your credit on it.... but you cant claim it on thta RM lying in that hired godown.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details