Cenvat Credit Allowed on Duty-Paid Inputs, Even if Not Dutiable; Invalid Advance Authorization Not a Barrier.

Cenvat Credit Allowed on Duty-Paid Inputs, Even if Not Dutiable; Invalid Advance Authorization Not a Barrier. https://www.taxtmi.com/highlights?id=69531 CENVAT Credit - Invalidation of advance authorization - As per Cenvat Credit Rules, there is no bar for the input received by an assessee that such input is otherwise dutiable or not for availing Cenvat credit. The only condition attached to the Rules is that the input received by the assessee shall be duty paid. Therefore, for this reason also Cenvat credit at the appellant’s end cannot be denied. - AT en-us Tue, 02 May 2023 09:22:17 +0530 Tue, 02 May 2023 09:22:17 +0530 TaxTMI RSS Generator Cenvat Credit Allowed on Duty-Paid Inputs, Even if Not Dutiable; Invalid Advance Authorization Not a Barrier. https://www.taxtmi.com/highlights?id=69531 CENVAT Credit - Invalidation of advance authorization - As per Cenvat Credit Rules, there is no bar for the input received by an assessee that such input is otherwise dutiable or not for availing Cenvat credit. The only condition attached to the Rules is that the input received by the assessee shall be duty paid. Therefore, for this reason also Cenvat credit at the appellant’s end cannot be denied. - AT Highlights Central Excise Tue, 02 May 2023 09:22:17 +0530 https://www.taxtmi.com/highlights?id=69531