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Cenvat credit - free of cost goods

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....envat credit - free of cost goods<br> Query (Issue) Started By: - Paawan Dated:- 21-7-2008 Last Reply Date:- 22-7-2008 Central Excise<br>Got 1 Reply<br>Central Excise<br>Can we avail the cenvat credit....

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.... on goods received free of cost? These goods are used in excisable final product.Pls refer any citation. Reply By V.Ramanujam: The Reply: CENVAT credit on goods can be taken immediately on its receip....

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....t in the factor, provided it falls under the definition of 'input' under CCRules. There is no condition that payment is to be made for the goods received to avail CENVAT, unlike services.<br> Discussi....

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....on Forum - Knowledge Sharing ....

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