TaxTMI 
TaxTMI 
Cenvat credit
08 Oct 2015 
2 Replies 
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Cenvat credit can be fully availed on inputs used in goods for local sale and export; unutilized credit refundable.
Cenvat credit on duty paid for inputs used in manufacture of finished goods sold locally and exported may be fully availed without proportionate apportionment; the credit can be utilized for payment of duty on locally sold finished goods and, if not utilizable, the unutilized credit is refundable under Rule 5 of the Cenvat Credit Rules, 2004. (AI Summary)
Cenvat credit on duty paid for inputs used in manufacture of finished goods sold locally and exported may be fully availed without proportionate apportionment; the credit can be utilized for payment of duty on locally sold finished goods and, if not utilizable, the unutilized credit is refundable under Rule 5 of the Cenvat Credit Rules, 2004. (AI Summary)
Dear sir,We are manufacturers.the Raw material which is used for FG is selling local as well as exports.shall I take full credit of cenvat or proportionately on my inputs.Pls advise.