CENVAT credit on Furness oil

Dear Rutambh,
 

                          It is not easy to say whether CENVAT Credit will be allowed or not only on the facts the furness oil used in the manufacture of electricity. please write me full detail about your problem. my email id is sachinagarwalcallb @ gmail.com

its allowed.

Yes, it is allowed.

yes It is allowed

Sachin

Yes my friend you can avail cenvat credit of duty paid on furness oil. Practically all manufacturing units are aviling such credit

Yes you can take credit any inpurt which is used in manufacturing of final product except Diesel, Petrol and Sprit. You can also take Credit on Machinery Parts which Tarrif item is specified in Cenvat credit rule.

Generation of Eletricity does not come under perview of manufacturing activity, so question of getting cenvat credit on Furness Oil does not arise.

Input has been defined in Cenvat Credit Rule as,

(i) all goods, except light diesel oil, high speed diesel oil and motor spirit, commonly known as petrol, used in or in relation to the manufacture of final products whether directly or indirectly and whether contained in the final product or not and includes lubricating oils, greases, cutting oils, coolants, accessories of the final products cleared along with the final product, goods used as paint, or as packing material, or as fuel, or for generation of electricity or steam used in or in relation to manufacture of final products or for any other purpose, within the factory of production;