Dear sir,
we have a registered PVC Pipes manufacturing company,
we purchased from outside ' Solvent Cement'. we supply to Customers along with pipes Solvent Cement.(Solvent cement Material and value not shown separately in the Our sale Invoice but the Solvent cement value is also included in Pipes Value)
can we eligible to take cenvat credit on above ' Solvent Cement'
Please clarify,
Thanking you,
V.Laxmaiah
PVC Manufacturer Eligible for CENVAT Credit on Solvent Cement Included in Pipe Sales Invoice Value Under Central Excise Duty. A PVC pipes manufacturing company inquired about the eligibility to claim CENVAT credit on solvent cement, which is purchased externally and supplied with the pipes. The value of the solvent cement is included in the overall value of the pipes on the sale invoice. An indirect tax consultant responded, confirming that the company can avail CENVAT credit on the solvent cement as an accessory, since its value is included in the pipes' value and Central Excise Duty is paid on the total amount. (AI Summary)