Is Input Credit available on Goods covered under Optional Scheme of Bengal regarding excise duty

What is optional scheme sweta here plz elaborate

Optional Scheme in Textile sector is

If the Excise Duty is paid on Raw Materials, it is not required to be paid at further manufacturing and processing stages.
Example- When excise is paid on Polyester Fibre, then it is not required to be paid on Yarns.

The other route is MODVAT Credit Route till the end product is sold to the customer.

So to clarify, excise has only been paid on Fibre and not on Yarns in our case. So we only have Tax Invoice and not Excisable Invoice.

In such case, what should be the status of ITC of those stocks lying with us..?

Optional Scheme in Textile sector is

If the Excise Duty is paid on Raw Materials, it is not required to be paid at further manufacturing and processing stages.
Example- When excise is paid on Polyester Fibre, then it is not required to be paid on Yarns.

The other route is MODVAT Credit Route till the end product is sold to the customer.

So to clarify, excise has only been paid on Fibre and not on Yarns in our case. So we only have Tax Invoice and not Excisable Invoice.

In such case, what should be the status of ITC of those stocks lying with us..?

dear shweta plz visit this link poojnt no 3 & 3A for your query https://www.gstsoln.com/all-about-transitional-provisions-us-140-compiled-with-relevant-rules-in-general-language-from-business-point/

further if excise amount is shown separately in the invoice then u can claim full credit