SSI unit wish to avail cenvat credit on excise duty and CVD paid on input. The unit has imported a huge quantity of inputs but utilised only a limited quantity in producing final goods in that financial year.
Question comes is Cenvat credit eligible for the manufacturer is to be calculated on whole quantity imported or only on the quantity utilised in manufacturing in that year.
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
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My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
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Hema Yashwanth & Associates
Chennai
B.Com
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Rohit KC Jain & Co
New Delhi
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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CCI
Pro
CAclubindia
