CENVAT CRIDIT ON JOB WORK

[Guest]

Dear All,

We are in 100% EOU Unit. We are planing to go for JOB WORK at Excise registered Unit (Not EOU). There is a bulk quantity of the raw material to sent the Job Worker. So we are sending the Raw material by purchasing in Duty paid and send the material directly from the dealer to Job worker premises.

Kindly clarify weather we are eligible to take the CENVAT Credit on said raw material. and also please clarify the wastage and Spent solvent should return to our premises after the compleation of job work. or it can sold by the job worker. if it can be sold by the Job worker is there any need of submission of such documents to Excise Department.

Thank you

M.Pentaiah

AI Summary

Company Eligible for CENVAT Credit on Raw Materials Sent to Job Worker; Procedure for Wastage Clarified A company operating as a 100% Export Oriented Unit (EOU) is considering sending raw materials to an excise-registered unit for job work. The raw materials are duty-paid and will be sent directly from the dealer to the job worker's premises. The company seeks clarification on whether they are eligible for CENVAT Credit on these materials and the procedure for handling wastage and spent solvents. A respondent advises that the company can claim CENVAT Credit on the raw materials sent from the supplier to the job worker.