Cenvat Availed - taking credit from purchase of raw materials where as
cenvat utilised - adjusting the payment of excise duty & cess amount payable against the cenvat availed
As rightly said by my friend above, cenvat availed is taking the cenvat credit amount at the time of input.. Utilisation amounts to adjusting the E.D. and cess payable against the availed amount
CENVAT Avaailed means credit availbale for utilisation
CENVAT utilisation means availabe credit utilised / adjust with liability for payment of Excise/service tax
well explain by exprets
Thank u all for ur valuable replies.
CENVAT avail means taking credit equal to excise duty already paid on the inputs which is used in or in relation to the manufacture of the dutiable goods. On the other hand CENVAT utilisation is utilising those credit for the payment of central excise duty. So, CENVAT availment is the credit entry and CENVAT utilisation is the debit entry in the RG23 A Part II.
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