Principal Manufacturer is entitled to avail Cenvat credit of duty paid by job worker on intermediate goods, who choose to pay duty instead of availing exemption

Principal Manufacturer is entitled to avail Cenvat credit of duty paid by job worker on intermediate goods, who choose to pay duty instead of availing exemption https://www.taxtmi.com/article/detailed?id=5940 Where a job worker sent intermediate goods and elects to pay duty instead of claiming an exemption, the duty actually paid by the job worker constitutes a valid basis for the principal manufacturer to claim Cenvat credit; this rests on the distinction between the original inputs supplied by the principal and the separately constituted intermediate goods, and on the principle that exemption need not be compulsorily availed. en-us Thu, 11 Dec 2014 06:11:37 +0530 Thu, 11 Dec 2014 06:11:37 +0530 TaxTMI RSS Generator Principal Manufacturer is entitled to avail Cenvat credit of duty paid by job worker on intermediate goods, who choose to pay duty instead of availing exemption https://www.taxtmi.com/article/detailed?id=5940 Where a job worker sent intermediate goods and elects to pay duty instead of claiming an exemption, the duty actually paid by the job worker constitutes a valid basis for the principal manufacturer to claim Cenvat credit; this rests on the distinction between the original inputs supplied by the principal and the separately constituted intermediate goods, and on the principle that exemption need not be compulsorily availed. Articles Central Excise Thu, 11 Dec 2014 06:11:37 +0530 https://www.taxtmi.com/article/detailed?id=5940