Excise Cenvat credit on Electricity Power bill

[vikram singh]

Dear Experts,

Please Guide,

Query :- Can we avail Cenvat/modvat credit on Electricity bill. where plant & machinery cost is over then ₹ 100 Crore ?

Regard

Vikram

AI Summary

Cenvat Credit Inapplicable for Electrical Energy Under Central Excise Tariff Act; No Duty Rate Specified for Sub-heading 27160000. A query was raised regarding the eligibility to avail Cenvat/modvat credit on electricity bills for a plant with machinery costs exceeding 100 crore. An expert clarified that electrical energy falls under sub-heading No. 27160000 of the Central Excise Tariff Act, 1985, which does not specify a duty rate. Consequently, no Cenvat duty applies to electrical energy, making the credit inapplicable. Another expert agreed with this explanation, and the original inquirer expressed gratitude for the guidance provided.