cenvat duty
anil verma
Respetiveplease clarify that what cenvat % we can take on input
CENVAT credit entitlement permits full recovery of duty paid on inputs when supported by proper excise invoice. The guidance states that a person eligible for CENVAT credit may claim full credit of duty paid on inputs when the duty is shown on the excise invoice; eligibility depends on acquisition of inputs (including raw and packing materials) for manufacture of dutiable goods and on appropriate documentary evidence, while specific or atypical cases require further factual details to determine credit entitlement. (AI Summary)
TaxTMI