availment of cenvat credit

[SANDESH SHINDE]

Dear Sir, if one of our supplier had supplied the goods to us which is input to us but in the invoice he has deducted trade discount after charging excise duty on the invoice and we had availed such credit of excise duty paid, so whether it would create problem to us pls explain, thanks and regards

AI Summary

Query on CENVAT Credit: Trade Discounts Allowable Under Central Excise Act, 1944; Credit Availment Clarified A forum participant raised a query about availing CENVAT credit when a supplier deducted a trade discount after charging excise duty on an invoice. Two responses clarified that trade discounts are allowable deductions under the Central Excise Act, 1944. Both experts agreed that if the excise duty is calculated after deducting the trade discount, the buyer can still avail CENVAT credit, as long as the excise duty shown in the invoice is paid. Therefore, availing credit in this scenario should not pose any issues.