TaxTMI 
TaxTMI 
Cenvat Credit on PNG Gas
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....envat Credit on PNG Gas<br> Query (Issue) Started By: - RAM NAUDIYAL Dated:- 10-10-2012 Last Reply Date:- 10-10-2012 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Experts, Earlier we have u....
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....sed diesel to generate electricity for factorty production. Diesel is restricted to take cenvat credit. Now we have used png gas for generate electricity. Can we take cenvat credit. Thanks Reply By ....
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....Pradeep Khatri: The Reply: Yes, you can. Since in the definition of Input under Rule 2(k) of the CENVAT credit Rules as effective from 01-04-2011, inputs means --- i ............................ ii....
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.... ......................... iii all goods used for generation of electricity or steam for captive use; or iv ........................... but excludes - A) Light diesel oil, high speed diesel oil or....
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.... motor spirit, commonly known as petrol; Since these goods have been specifically excluded and other than these goods all goods included, used for generation of electricity or steam for captive use, ....
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....therefore, you can avail the CENVAT credit. Please also inform the Central Excise Department accordingly, so that suppression of material plea can not used by them.<br> Discussion Forum - Knowledge Sh....
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....aring ....