Cenvat Credit 100% - 20% credit on common costs

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Cenvat Credit : If we keep separate accounts, we can talk 100% cenvat credit. But in such cases of separate accounts, can we also take 20% credit on common costs such as on Audit Fees ?

AI Summary

Clarification: Simultaneous 100% Cenvat credit and 20% on common costs like audit fees not allowed under Rules 6(2) & 6(3). A query was raised regarding the eligibility to claim 100% Cenvat credit when maintaining separate accounts and simultaneously availing 20% credit on common costs like audit fees. The response clarified that it is not permissible to utilize both benefits concurrently under rules 6(2) and 6(3).