Cenvat credit may be applied to pay excise duty on final products, duty on removed inputs or capital goods, or service tax. The Cenvat credit may be utilised to pay excise duty on final products (including waste and scrap); to pay duty on inputs or capital goods removed as such ... Summary
Cenvat credit may be applied to pay excise duty on final products, duty on removed inputs or capital goods, or service tax.
The Cenvat credit may be utilised to pay excise duty on final products (including waste and scrap); to pay duty on inputs or capital goods removed as such or after partial processing under invoice; and to pay Service Tax on any output service.
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