Input Credit of CENVAT

[MUNIRAJ SRINIVASAN]

Dear Sir,

My client has Deemed Exporter at the time of sales without payment of excise duty he is raising the Invoice under submitting General Bond to the Division and my question is whether he is eligible to to input credit of CENVAT and Service tax ?

[PAWAN KUMAR]

Dear Sir,

Yes, as per my view, your client is eligible for taking cenvat on input and input services.

[Mahir S]

Yes sir, as explained above, you client is eligible both for input credit and also input service credit.

Such credits are admissible both for direct export and also for deemed export.

AI Summary

Input credit of CENVAT and input services available for deemed exports made under bond, subject to compliance.
Input credit of CENVAT and input service credit are available for sales treated as deemed exports made without payment of excise duty under a general bond; such credits are admissible for both direct exports and deemed exports, subject to applicable CENVAT and service tax compliance requirements.