CENVAT CERDIT UNDER ABATEMENT

[SURYAKANT MITHBAVKAR]

Our vendor raise excise invoice and charged excise with abatement discount @35%.

In above case can we avail cenvat credit against the same invoice since material taken as input for our final product which is excisable.

Pl. advise.

AI Summary

Cenvat Credit Eligible on Excise Invoices with 35% Abatement for Final Products, No Central Excise Restrictions Apply. A discussion on a forum addresses whether cenvat credit can be claimed on an excise invoice with a 35% abatement discount. The query is about using the material as input for a final excisable product. Three responses confirm that cenvat credit is eligible in this scenario. One respondent mentions there is no restriction in Central Excise, except for a specific notification, which does not apply here. Another respondent agrees, noting that such restrictions exist in Service Tax, not Central Excise. All contributors affirm that the cenvat credit can be claimed.