TaxTMI 
TaxTMI 
we have purchased 5 inputs for which we received 2 items free of cost can we get cenvat credit on the 2 items received free of cost and what are the documents, required for claiming cenvat credit on free inputs
Documents required for claiming cenvat credit
21 Aug 2009 
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Cenvat credit entitlement continues when supplier furnishes duty-paying documents, payment to supplier not required for claim.
Cenvat credit is available on inputs received free of cost where the supplier has paid excise duty and furnished the duty-paying documents to the recipient; payment to the supplier is not a condition for claiming credit, and the recipient must retain and verify the supplier's duty-paying documents for inputs received in the factory premises. (AI Summary)
Cenvat credit is available on inputs received free of cost where the supplier has paid excise duty and furnished the duty-paying documents to the recipient; payment to the supplier is not a condition for claiming credit, and the recipient must retain and verify the supplier's duty-paying documents for inputs received in the factory premises. (AI Summary)