Just a moment...

⚠✕
❮ Top
☎ Help
Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Search →

Powered by Weblekha - Building Scalable Websites

☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Search : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Search ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post a Query
Post a New Query ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID :
PrevPreviousNextNext

Cenvat credit on goods manufactured by 100% EOU

Ankur Simghal

Q: Lets take X Ltd is a 100 percent EOU. Y ltd is a normal company. Y ltd. purchased goods from X Ltd on 15/09/2013.

the bill contains excise duty as under taking hypothetical figures:

 

Basic Custom Duty(BCD)   = Rs. 5000

CounterVreilly Duty(CVD)   = Rs 2000

EC + SHEC + Spl. CVD.     = Rs.500

Now the ques is will Y Ltd get the Credit Of Rs. 7500 ???

Reply with proper supporting

Cenvat credit limited to countervailing duty and excise duties; no credit for basic customs duty or cess. Cenvat credit for goods purchased from a 100% EOU is confined to countervailing duty and additional excise duties; basic customs duty and cess components that are part of customs are not eligible. Previously permitted credits such as education cess and secondary education cess are no longer available. (AI Summary)
Central Excise
answers
Sort by
+ Add A New Reply
Hide
Madhukar N Hiregange on Apr 10, 2014

ONLY cvd 2000 + sad + ed+ cess other than customs part is eligible. No credit on customs duty + cess on same.

Mahir S on Apr 10, 2014

Credit of only CVD and Addl. duty is available.

Credit on Edu.cess and Sec. Edu. Edu. Cess not available, It was permissible in the past.

+ Add A New Reply
Hide
Recent Issues