CENVAT CREDIT

[MANO KARAN]

Dear Seniors,

I am in Manufacturing Pharma Unit. We are doing Job Work to one unit. They are given 15nos. cenvat bills (Feb 16 and March 16) for taken credit in Nov. 16. Enenthough one year for elgible to credit taken, how to take bulk number of Invoices.Please clarify.

AI Summary

Cenvat credit timing: invoices within one year remain claimable; quantum not a bar, enter each invoice separately.
Cenvat credit may be availed for invoices dated within one year of the invoice date; quantity of invoices is not a bar. Claimants should record credit by making independent entries for each eligible invoice in the Cenvat credit account. If the arrangement is a loan licence, credit can likewise be taken provided invoices meet the one year eligibility and other requisites.