Dear Sir,
We are a manufacture if we use some raw material for R & D purpose and on these material we taken Cenvat Credit so when we issue the stock for R & D purpose at that time we need to reverse the excise duty on that material or not ?
Regards
Swapneswar Muduli
Cenvat Credit Allowed on Raw Materials for R&D; Quality Integral to Marketable Final Product. &D A manufacturer inquired about whether they need to reverse the excise duty on raw materials used for research and development (R&D) purposes after taking Cenvat Credit. The response clarified that Cenvat Credit can be taken since R&D is integral to producing a quality final product, and goods are not marketable without ensuring quality. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
