Cenvat Credit

[Ranbir Singh]

Sir, can we take cenvat credit on proforma Invoice.?

[NEERAJ KUMAR, RANCHI]

No you can not take cenvat credit on proforma invoice.

[YAGAY and SUN]

Proforma Invoice is not recognised under the Rule 11 of the Central Excise Rule, 2002.

[R MUTHURAJ]

Proforma Invoice is issued to quanitify the approximate value of the goods about to be invoiced in near future and the same is not valid a document for taking Cenvat Credit. Further, the seller who issues the proforma invoice will not make any payment of Excise duty based on the proforma invoice.

[CASeetharaman KC]

No , Proforma Invoice does not feature among documents listed under Rule 11 of the Central Excise Rule, 2002.. Rule 11  talks about issuance of  Invoice only

AI Summary

Cenvat credit on proforma invoices is not allowable because proforma invoices are not recognised as valid invoices.
Cenvat credit cannot be availed on proforma invoices because proforma invoices are not recognised under the Central Excise Rules as valid invoices; they merely indicate approximate value for future supplies and do not support excise duty payment or entitlement to input credit.