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    <title>CENVAT CREDIT ON INPUT</title>
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    <description>Manufacturers and providers of output services may take CENVAT credit of excise duty, service tax and specified cesses on broadly defined &quot;inputs&quot; and capital goods used in manufacture or service provision, excluding petrol, high speed diesel and light diesel oil and motor vehicles. Credit may be taken on receipt of inputs, with prescribed rules for inputs sent to job workers, invoice-based credit for service providers, permission for outside storage in exceptional cases, pro rata invoices for purchases from intermediate dealers, and statutory reporting of principal inputs with specified returns and declarations.</description>
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      <description>Manufacturers and providers of output services may take CENVAT credit of excise duty, service tax and specified cesses on broadly defined &quot;inputs&quot; and capital goods used in manufacture or service provision, excluding petrol, high speed diesel and light diesel oil and motor vehicles. Credit may be taken on receipt of inputs, with prescribed rules for inputs sent to job workers, invoice-based credit for service providers, permission for outside storage in exceptional cases, pro rata invoices for purchases from intermediate dealers, and statutory reporting of principal inputs with specified returns and declarations.</description>
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      <law>Cenvat Credit</law>
      <pubDate>Mon, 03 Nov 2008 00:00:00 +0530</pubDate>
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