TaxTMI 
TaxTMI 
Cenvat credit on additional excise duty or Rs.15/ltr
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....envat credit on additional excise duty or Rs.15/ltr<br> Query (Issue) Started By: - Yatin Bhopi Dated:- 28-1-2013 Last Reply Date:- 17-2-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>Sir We....
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.... are manufacturer and product PT is our Raw Material falling under chapter heading 27101219 which attract excise duty @ 14% + Rs. 15/ltr. Please let me know whether Cenvat credit is available on Rs. 1....
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....5/ltr? Reply By CA. Surender Gupta: The Reply: What is excluded form the definition of 'input' is "Motor Spirits commonly known as petrol" not all the motor spirits. See: 2013 (1) TMI 324 - CESTAT,....
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.... NEW DELHI - BALKRISHNA INDUSTRIES Versus COMMISSIONER OF CENTRAL EXCISE, JAIPUR-I and 2005 (2) TMI 296 - CESTAT, NEW DELHI - TUFTWEEN PETROCHEMICALS Versus COMMISSIONER OF CENTRAL EXCISE, MEERUT If....
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.... you are eligible for Cenvat Credit then there is no difference between 14% and/or Rs. 15/ltr.. It is just one mode of calculation of duty. The rate of duty be it a mixture of ad valorem or volume bas....
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....ed nothing to do with cenvat credit unless and until specifically addressed in the Rules. What is excluded form the definition of 'input' is "Motor Spirits commonly known as petrol" not all the motor....
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.... spirits<br> Discussion Forum - Knowledge Sharing ....