Cenvat credit utilisation

676 views 1 replies

Dear all,

I want clarification about a firm goods cleared to defence under not.no 10/97 dt 1.3.97 (duty exemption) &  goods removed for local other than defence. All excise records maintained seperately for both. Cenvat credit taken on raw material procured for local clearances  & credit not taken for raw material procured for defence supplies. Now Capital goods cenvat credit  allowed or not. But machinery brought for ment goods for local & Defence. Please suggest me.

Replies (1)

 

Dear Ramesh Kumar,

 

You have observed following two basic things:

 

·          All excise records maintained seperately for both.

·          Cenvat credit taken on raw material procured for local clearances  & credit not taken for raw material procured for defence supplies.

 

It is fine.   Now your question is

 

·          Now Capital goods cenvat credit  allowed or not.

 

Cenvat credit  is allowed. 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details