How to quantify eligible cenvat credit

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.

 

Replies (1)
Cenvat credit can be utilised imnediately on reciept non need of linkage with consumption of input

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