POWER PLANT INPUT/INPUT CREDIT ADMISSIBILITY

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....OWER PLANT INPUT/INPUT CREDIT ADMISSIBILITY<br> Query (Issue) Started By: - SURYA KANT GUPTA Dated:- 17-1-2011 Last Reply Date:- 17-1-2011 Central Excise<br>Got 2 Replies<br>Central Excise<br>Is ther....

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....e any judgement with regard to availment of CENVAT credit on input/input services used in CAPTIVE POWER PLAN particularly given by HON'BLE SUPRREME COURT Reply By Mangesh Lokre: The Reply: May we req....

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....uest you to elaborate the query in details ? If the CPP is within the Manufacturing Area's Premises and the Power produced is fully consumed within the Manufacturing Process only, then the Cenvat Cre....

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....dit on the Input like FO and the Input Services like AMC is eligible. Reply By CA Rachit Agarwal: The Reply: Refere the case of Supreme Court in Maruti Suzuki Ltd, where in the proportionate amount ....

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....of electricity sold was reversed. If in case of captive power plant, if the electricity is sold to the grid/outside partly, proportionate cenvat credit on "inputs" to be reversed.<br> Discussion Foru....

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....m - Knowledge Sharing ....