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ST Cenvat Credit utilization

SRINIVAS MADALA

we are manufacturer and exporter and we are paying service tax on inward and outward freight amount, payment of Comission to foreign

in this regard please clarify the following points

1. can we take cenvat credit in excise returns on inward freight & BAS

2. If it is eligble as cenvat can we utilize this credit to payment of duty on finished products

pl.guide us any provisions in this regard

 

thanks

srinivas

Cenvat Credit Utilization: Inward Freight Eligible Under Rule 2(i) CCR 2004, Outward Freight May Not Qualify A manufacturer and exporter inquired about utilizing Cenvat credit for service tax paid on inward and outward freight and commission payments. Respondents clarified that Cenvat credit can be taken for service tax on inward freight used up to the place of removal, per Rule 2(i) of CCR, 2004. If registered under service tax, credit can be claimed on invoices indicating service tax. While credit for service tax on Goods Transport Agency (GTA) is possible, it may not apply to outward freight. The unit must be registered with central excise and service tax for credit utilization. (AI Summary)
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