TaxTMI 
TaxTMI 
Sir, can we take cenvat credit on proforma Invoice.?
Cenvat Credit
26 Apr 2013 
4 Replies 
6863 Views Asked by
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. (AI Summary)
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. (AI Summary)