ADMISSIBILITY OF CENVAT CREDIT

[SURYA KANT GUPTA]

 ON PURCHASE OF SAME PRODUCT WHICH IS BEING MANUFACTURED BY THE UNIT (NUTS & BOLTS) AND SOLD AS SUCH. WHETHER CREDIT IS ADMISSIBLE, IF SO, PL QUOTE CASE LAWS

[Snehal Kulkarni]

This seems as a Trading Activity. If you have taken the Dealer Registration then may take the credit and pass the same on removal.

[rishi mohan]

Cenavt credit in case of dealer is available. Dealer must be registered with the central excise.

[CASeetharaman KC]

Registration is required as a dealer so that cenvat credit can be taken against excise duty billed on sale

AI Summary

Cenvat credit admissibility requires dealer registration to claim input credit on purchased goods and pass it on sale. Cenvat credit on purchases of the same goods that a unit manufactures and sells as such is admissible only where the activity is treated as trading and the dealer holds proper registration; registration is a precondition to claim the credit and to pass it on at removal.