Discussion on cenvat credit in excise

Cenvat

Rule:-2(k):-Input definition

All goods used in the factory by the maufacturer of the final product is eligible for cenvat credit,however light diesel ,high speed oil,petrol are not eligible for credit

cont:-

also any goods used for the buidling or for the purpose of laying foundation for support of capital goods are not eligible for credit

cont:-

any goods which is used in guest house or for pesronal consumption of any employee ,even in such cases CC is not eligilbe.

Conclusion:-In case of  inputs...(expect which are not eligilble) must be used in the factory in relation to manuffactur of a exciable product for the purpsoe of availement of CC

@ Madhavi it is not Cenvat Act...it is Cenvat Rules

Rule:-3(4)

Rule:-3(5)

If a manufacturer or service provider removes any input or capital goods on which cenvat credit is claimed...from his factory or premises then in such they are require to pay amount which is as follows

contd...