One of our clients is large manufacturer of corrugated box, they have installed Boiler in side factory, they also having understanding by an agreement with IOCL, a tanker has also installed in side factory to store the Diesel to run the Boiler in relation to manufacturing of finished goods. the IOCL will diriectly make bill to our client name. is the Cenvat Credit of Diesel is admissible to our client on receipt of the said input.
Please also refer us notifications, circular or trade notice. Thanks
Diesel Excluded from Cenvat Credit Eligibility under Rule 2(i)(A) for Manufacturing Operations A client, a large manufacturer of corrugated boxes, has installed a boiler in their factory and stores diesel in a tanker for its operation, with billing directly from IOCL. They inquired about the admissibility of Cenvat credit for diesel used in manufacturing. Respondents clarified that under Rule 2(i)(A) of the Cenvat Credit Rules, diesel and petrol are excluded from Cenvat credit eligibility, confirming that the client cannot claim credit for diesel. (AI Summary)
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