https://www.taxtmi.com/forum/issue?id=107166 Trading is treated as an exempted activity for CENVAT purposes; accordingly, Cenvat credit on capital goods used exclusively in processing goods for trading (where the process does not constitute manufacture) is not allowable, and credit cannot be claimed on the dutiable goods merely cut in the trading activity. en-us Wed, 13 Aug 2014 15:29:01 +0530 Thu, 23 Jan 2025 15:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107166 Trading is treated as an exempted activity for CENVAT purposes; accordingly, Cenvat credit on capital goods used exclusively in processing goods for trading (where the process does not constitute manufacture) is not allowable, and credit cannot be claimed on the dutiable goods merely cut in the trading activity. Discussion-Forum Central Excise Wed, 13 Aug 2014 15:29:01 +0530 https://www.taxtmi.com/forum/issue?id=107166