TaxTMI 
TaxTMI 
TaxTMI 
Refund of Cenvat Credit
Soumya Sinha
Can Cenvat credit be available on input used to supply to SEZ developer in Year 2008
Cenvat Credit on Inputs for SEZ Supplies Clarified Under Rule 30; Pre-December 31, 2008 Claims May Be Contentious. A query was raised regarding the availability of Cenvat credit on inputs used for supplies to a Special Economic Zone (SEZ) developer in 2008. It was clarified that under Rule 30 of the SEZ Rules 2006, SEZ units and developers can procure goods domestically, and domestic suppliers must treat these supplies as physical exports, allowing Cenvat credit on inputs. However, it was noted that claiming Cenvat credit before December 31, 2008, could be contentious, referencing a specific case law for further guidance. (AI Summary)