CENVAT CREDIT ON LUBRICANT OIL

DEAR ALL

WE ARE MANUFACTURING OF EXCISABLE GOODS, WE ARE PURCHASE OF LUBRICANT OIL FOR  MANUFACTURING PURPOSE, AND SUPPARING EXCISE DUTY ON  LUBRICATN OIL PURCHASE, THIS EXCISE DUTY CREDIT ELIGABLE OR WHAT? 

PLEASE CLSRIFY .

Replies (7)

Hi,

As per defination of Input 2(k) of Cenvat Credit rules 2004 it specifically includes Lubricating oils.

Hence you can take Cenvat credit for the same.

Dear Friend

 

As per rule you can avil the cenvat credit

yes, you can avail cenvat credit on Oils, & greases which are used in production 

There are two points here which is to be noted.

1. input is something which is used in or in relation to manaufacture. it need not be present in the output that is manufactured. for example consumables. though they are used in manufacture u cannot identify this in the manufactured goods


2. the definition input (rule 2(k)) specifically includes the word lubircants


considering the above aspects, cenvat credit can be claimed on the lubircants

hope this clarifies

Yes you can take as per rule its clearly specify

how much % we can claim refund

we are lubricant manufacturing co. and plan to import from outside India, Pls. let me know the custom duty and how much % of modvat we  can claim for refund.

Also let me explain the procedure for getting refund of custom duty paid

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