Need A Help:
Subject: Utilization Of Input Cenvat Credit.
Scenario: Trade Chain :--
'A' (Registered Under Cenvat)..... Sells Goods to 'B' (Not Registered Under CENVAT)...... 'B' Sells Goods to
'C' (Registered Under CENVAT).
:Rule 3. CENVAT credit. ---(1) A manufacturer or producer of final products or a provider of taxable service shall be allowed to take credit
As 'B' is not registered Under Cenvat so is not eligible to utilize input cenvat credit.. hence the input credit will be lapse....
My Question is if 'C' Stands as Consignee Between 'A' and 'B'...... Then can 'C' be eligible to utilize the input cenvat credit arising from 'A'. ?
CAclubindia
