Q.M/s srikant industries received the following articles during January, 2015
particular value
raw materials 600000
lubricant oil 60000
diesel 240000
quality testing machine 200000
pollution control 100000
packing material 180000
processing material 190000
office equipment 150000
the excise duty is @ 12.36 %
calculate total CENVAT CREDIT available
pls anybody solve and reply me answer of this question
Other than Diesel and Office equipment for all others you are eligible for Cenvat Credit at 12.36, For Quality testing machine being Capital asset you will be allowed 50% Credit of Cenvat in current year and another half in 2016-17, Provide details for pollution control
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