Eligibility of Cenvat Credit when supply of goods to Mega Power Project

Eligibility of Cenvat Credit when supply of goods to Mega Power Project https://www.taxtmi.com/forum/issue?id=107473 Entitlement to Cenvat credit for supplies to a mega power project turns on the procurement route and notification conditions: under international competitive bidding suppliers may claim full credit without reversing the notional amount at clearance; for non ICB supplies made subject to a Mega Power Status Certificate either credit is foregone with separate inventory or, if credit is taken, the prescribed reversal under Rule 6 must be effected at clearance. en-us Tue, 14 Oct 2014 12:27:29 +0530 Thu, 23 Jan 2025 15:57:11 +0530 TaxTMI RSS Generator Eligibility of Cenvat Credit when supply of goods to Mega Power Project https://www.taxtmi.com/forum/issue?id=107473 Entitlement to Cenvat credit for supplies to a mega power project turns on the procurement route and notification conditions: under international competitive bidding suppliers may claim full credit without reversing the notional amount at clearance; for non ICB supplies made subject to a Mega Power Status Certificate either credit is foregone with separate inventory or, if credit is taken, the prescribed reversal under Rule 6 must be effected at clearance. Discussion-Forum Central Excise Tue, 14 Oct 2014 12:27:29 +0530 https://www.taxtmi.com/forum/issue?id=107473